Year-End Planning For Entities: Payroll, Retirement And Health Insurance (Recording)

12 Nov

Important tax matters for entities to execute before year-end.

Nov 12, 2015 at 1:00 pm EST


Recording

Join CPA members Robert A. Green, Darren Neuschwander and Adam Manning for this important Webinar event.

If you operate an S-Corp trading company or S-Corp or C-Corp management company, you need to execute officers’ compensation (payroll) before year-end if you want employee-benefit plan deductions. You also need to establish some retirement plans before year-end including a Solo 401(k) plan or a defined-benefit plan. The elective deferral portion of a Solo 401(k) must be funded and integrated with year-end payroll. (You can fund the profit sharing plan portion in 2016.) If you don’t act before year-end, you will lose these valuable tax benefits.

In this Webinar, learn how to:

  • Maximize and plan employee-benefit plan deductions including retirement plans and health insurance premiums.
  • Determine the appropriate amount of officers’ compensation.
  • Execute payroll in December when you have visibility on annual trading gains, losses and expenses.
  • Add officers’ health insurance premiums to officer W-2 taxable wages.
  • Select a payroll tax service provider. (We recommend Paychex.)

Examples Worksheet (PDF). (We revised the Defined Benefit Plan column after the Webinar.)

 

Testimonials

Amanda, I wanted to tell you I appreciate your work as well as Deborah’s on my 2009 audit defense. As you know by now there was a positive “no change” to the tax year. . I feel although a lot of work, we didn’t compromise anything or be intimidated which was the most important point. Feel free to use my email as a review for the audit services for the firm, you Deborah also. It’s nice this inconvenience is behind me now. Thanks again,

CW

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