[WEB] Mastering Strategic Compensation Planning: A Comprehensive Guide for Tax Practitioners

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

This course is designed to provide tax practitioners with a thorough understanding of the tax and business ramifications of various compensation arrangements. Participants will gain insights into maximizing cost-effectiveness while minimizing tax liabilities through creative compensation planning strategies. This comprehensive guide covers a wide range of compensation plans, including stock options, restricted stock plans, Section 125 plans, retirement plans, and more, giving you the knowledge to advise clients effectively.

By understanding the benefits and drawbacks of different compensation options, you'll be able to guide businesses in creating compensation packages that align with their goals. From employee benefits to retirement strategies, this course equips practitioners with the tools needed to optimize compensation arrangements for tax efficiency and business success.   

Highlights

• Designing effective stock option and restricted stock plans
• How to provide company cars in a tax-effective manner
• Using a Section 125 plan for health insurance and other benefits
• Fringe benefits and employee loans
• Designing effective retirement plans, including defined benefit and defined contribution plans, 401(k) plans, SEPPs, SIMLPE plans, profit-sharing plans, and more
• Using life insurance and tax-deferred annuity plans in a qualified plan
• Designing and using an ESOP

Objectives

At the end of this course, you will be able to:

• Analyze the tax and business implications of different compensation arrangements.
• Design stock option and restricted stock plans that maximize benefits for employees and the company.
• Utilize Section 125 for tax-efficient health insurance and other employee benefits.
• Recommend tax-effective strategies for providing company cars and fringe benefits.
• Create retirement plans, including 401(k), SEPPs, and SIMPLE plans, to fit business goals.
• Assess the role of life insurance and tax-deferred annuity plans in compensation strategies.
• Design and implement an Employee Stock Ownership Plan (ESOP) for business succession.
• Evaluate the use of fringe benefits and employee loans to enhance compensation planning. 

Designed For

CPAs, finance professionals, financial planners