Objective
- Understand the advantages and disadvantages of the major pension-planning options for small- and medium-sized business owners
- Help clients evaluate pension plan options and select the best pension-planning option for them
Highlights
- Factors business owners should take into account when choosing a retirement plan
- SIMPLE plans
- Simplified employee pension plans
- 401(k) plans
- Defined benefit plans
- Ensuring eligible employees are covered
- Employees’ impact on choice of plan
- Ongoing compliance requirements
- Establishing a plan after the tax year end
- Changes to safe harbor 401(k) plans
- Pooled employer plans
Designed For
Any tax practitioner who will advise a business owner about selecting a pension plan for his or her businessPrerequisite
Basic individual income taxation rulesAdvanced Preparation
None