[WEB] Strategic Compensation Planning: Tax Savvy Strategies for Tax Practitioners

Description

This course is designed to provide tax practitioners with a comprehensive understanding of strategic compensation planning. Participants will gain insights into the tax and business implications of various compensation arrangements, such as stock option plans, Section 125 plans, and retirement plans. The course focuses on maximizing cost-effective while minimizing tax liabilities, helping practitioners develop compensation strategies that align with both business objectives and regulatory requirements. Through detailed discussions and practical examples, attendees will learn to evaluate and implement different compensation plans effectively.

By the end of the course, participants will be equipped with the knowledge to design and manage a variety of compensation plans, including those involving company cars, fringe benefits, employee loans, and ESOPs. The course will cover the integration of life insurance and tax-deferred annuities within qualified plans. With a thorough understanding of these concepts, tax practitioners will be better prepared to advise their clients on creating comprehensive compensation strategies that optimize benefits for both employers and employees while adhering to tax laws and regulations.   

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:

• Recognize the benefits and drawbacks of different compensation arrangements for tax and business purposes.
• Design effective stock option plans.
• Design effective restricted stock plans.
• Implement tax-effective company car policies.
• Utilize Section 125 plans for health insurance and other benefits.
• Identify and apply fringe benefits in compensation planning.
• Manage employee loans effectively.
• Design defined benefit retirement plans.
• Design defined contribution retirement plans.
• Implement and manage 401(k) plans.
• Utilize SEPPs (Substantially Equal Periodic Payments) in retirement planning.
• Design and manage SIMPLE plans.
• Recognize and discuss the key components and benefits of profit-sharing plans to enhance employee compensation and tax savings.
• Identify and integrate life insurance policies within compensation strategies to provide additional employee benefits and tax advantages.
• List and utilize tax-deferred annuity plans within qualified retirement plans to maximize tax-deferred growth and retirement benefits.
• Design and use Employee Stock Ownership Plans (ESOPs).
• Evaluate the tax implications of different compensation plans.
• Develop comprehensive compensation strategies that maximize cost-effectiveness and minimize tax burdens.    

Designed For

CPAs, financial planners

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