How to Weaponize a Company Retirement Plan for Tax Efficiency
Available Anytime
Location:
Online
1Credits
Technical Business
Registration is Open
FICPA Members
Nonmembers
$54.00 Regular Price
Product Code: FI20-102
Level: Update
Vendor: Florida Institute of CPAs
Field of Study: Specialized Knowledge
Overview:
Before COVID-19 the company retirement plan was viewed as a necessary overhead expense to attract and retain talent. Generic, commodity-style plans permeated the industry and no one was discussing how the plan could be weaponized to mitigate tax and enhance net worth for owners. Post-Covid, business owners have tremendous revenue and demographic uncertainties and their current plan is now a financial risk.This presentation focuses on how CPAs can facilitate change within business clients by better understanding retirement planning concepts. It specifically addresses foundational concepts and governing deadlines for amending commodity plan types, how entrepreneurs can utilize customized plans to have more flexibility and predictability, and the difference between proprietary mutual funds and institutional class mutual funds.
Objectives:
Topics of discussion will include:- Explain the importance of utilizing qualified retirement plans
- Identify the benefits and drawbacks of qualified retirement plans
- Identify key players for the success of setting up retirement plans for the business
- Understand how qualified retirement plans can be leveraged to provide a tax benefit
Instructors:
Designed For:
CPAs or accounting professionals
Prerequisite:
Some familiarity with accounting
Additional Info:
Thank you for registering for the "How to Weaponize a Company Retirement Plan for Tax Efficiency" OnDemand course. You can begin immediately by going to the 24/7 Learning Library portal at https://ficpa.courselaunch.io and logging in with your current FICPA member login credentials.
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