Small Business Retirement Plans: Picking the Best Webcast [SBP]

Full Description

Small Business Retirement Plans: Picking the Best Plan for Your Client Webcast (Updated for SECURE Act 2.0) (SBP)

November 9th, 2023 / 8:30 am 10:15 am

Live Webcast / Zoom

Small businesses have many retirement plan options. The selection of the best plan helps our clients minimize taxes and secure a more comfortable retirement. Well cover how to navigate through the options and pick the best retirement plan for each client. Well have a discussion of relevant SECURE Act 2.0 (signed into law on December 29, 2022) developments including Roth SIMPLE and SEP IRA provisions which are effective for the 2023 tax year.

Major Topics:
- Which clients are best suited for each of the following plans:
A. SEP-IRAs Which clients are best suited for each of the following plans:
B. SIMPLE IRAs
C. 401(k)s
D. Traditional and Roth IRAs
E. Defined benefit plans.
- How will SEP Roth and SIMPLE Roth contributions work under the SECURE Act 2.0?
A. What are the payroll tax consequences of choosing each type of plan.
B. Which plans provide the greatest flexibility?
C. Which plan can provide the quickest accumulation of retirement savings?

Learning Objectives:
-Identify the best type of retirement plan for small business owners, based on the underlying facts.
- Identify the payroll ramifications of different retirement plants.
- Compute the maximum available deduction for each type of plan.

Designed For: All Accounting and Finance Professionals, especially those who want to provide the best up-to-the-minute tax advice

CPE Credits: 2, Taxation

Level of Knowledge: Advanced

Prerequisite: None

Acronym: SBP

Discussion Leader: George Koutelieris, CPA

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