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