Courses
Small Business Retirement Plan Review: New ROTH 401(k)s, KEOGHs, Traditional 401(k)s, IRAs, SEPs, and SIMPLEs
Register
-
Member Price:
$300.00
Non-Member Price: $450.00
- Date/Time:
- Nov 9, 2010, 8:30am–4:30pm
- Venue:
- Capitol Plaza Hotel & Conference Center, Montpelier
- Developer:
- Surgent McCoy CPE
- CPE Credits:
- 8 Hours, qualifies for CFP®, CLU ,ChFC, CSRP,CFM and CMA
- Field of Study:
- Taxes
- Level:
- Basic
- Instructor:
- John N. Sherrick, MA, CPA
Small businesses face increasing demands for retirement benefits for rank-and-file employees as well as newly enhanced opportunities for their principals. Unfortunately, they don't have Fortune 500 budgets to design, implement, and administer their plan. Now more than ever following tax reform, tax practitioners need to recognize the new opportunities available, to know how to communicate the ideas effectively, and to provide ongoing tax planning services to the most important segment of their client base. This course is tailored to the needs of small businesses.
Major Topics:
· How the Pension Protection Act affects plan design
· Review of practical plan options and matching this to the client’s needs
· Roth 401(k) programs: an opportunity that must be considered
· The deemed IRA
· Playing catch up with retirement plans – a new game
· Increasing benefits for participants and deductions for businesses
· SIMPLE and 401(k) plans that provide added benefits
· Final 401(k) plan regulations
· Eliminating the money purchase plan in favor of a more flexible profit-sharing plan
· Increasing access to accounts before retirement
· Compliance: what the IRS and DOL need to know
· How top-heaviness has gone on a diet
· The benefit of an employer-sponsored IRA
· Overlooked ways for highly compensated employees to contribute more to their plans
· The latest on cash balance plans
· Late-breaking tax legislation if pension reform is enacted
Learning Objectives:
· Identify the tax benefits and limitations of qualified plans
· Distinguish types of qualified plans and explain their advantages and disadvantages
· Understand what factors determine which qualified plan design is appropriate
· Be aware of compliance issues
Who Should Attend? CPAs in public accounting and industry who wish to explore the newest and best options for structuring pension plans.
Also qualifies for CFP, CLU, CHFC, CSRP, CFM and CMA credit.
