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

Dear Amanda (Smitson CPA): I reviewed your notes and the return for my Entity and Personal filings. Everything looks complete and accurate. Excellent job once again!... Thanks so much for your assistance and attention to all the details. I can't think of anyone I've worked with over the years on ANYTHING that has been as pleasant and helpful as you have. I appreciate you so much!  

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