Maximizing Fringe Benefits: Strategies for Business and Personal Needs in 2024 and Beyond
Overview
As a result of changes in the economy and tax laws, effective fringe benefit planning has become crucial for businesses and individual clients alike. There are various tools and techniques available to meet a client’s fringe benefit planning needs. This course offers an overview of these tools and techniques and equips practitioners with the knowledge needed to utilize them effectively. Additionally, the course covers complex areas of employee benefit planning, including ERISA reporting and disclosure requirements.
Highlights
Overview of the fringe benefit planning process. Understanding the needs of business owners and employees. Options available under IRC Schedule 132 fringe benefit plans. Cafeteria plans: when to use them. Tax rules governing timing of income and deductions in cash compensation planning. Tax implications of dependent care and educational assistance plans. Flexible spending account plans: design and implementation. Design features of group term life insurance plans. Medical savings accounts: regulations and usage. Various options for financing retiree medical benefits. Comparison of health care benefits under an insured plan versus an HMO. In-depth overview of major ERISA reporting and disclosure requirements. Understanding IRC common control rules. Overview of age and sex discrimination rules.
Prerequisites
None
Designed For
CPAs, EAs, attorneys, and financial planners
Objectives
At the end of this course, you will be able to: Compare a variety of planning tools and techniques to meet a fringe benefit planning objective. Compare complex areas of employee benefit planning, including ERISA reporting and disclosure requirements
Notice
Approved for EA Credits
Leader(s):
Leader Bios
Art Werner, Werner-Rocca Seminars Ltd
Arthur Joseph Werner, Esquire, is currently a shareholder in the law firm of Werner & Rocca, P.C., and in the lecture firm of Werner, Rocca & Susman Seminars, Ltd. Mr. Werner’s areas of practice include business, tax, financial, and estate planning for high net worth individuals. In addition to the practice of law, Mr. Werner is an adjunct professor of taxation in the Master of Science in Taxation program at the Philadelphia University. Mr. Werner received his B.S. in Accounting and his M.S. in Taxation from Widener University. He holds a J.D. in Law from the Delaware Law School. A member of the Pennsylvania Bar, Mr. Werner lectures extensively in the areas of Estate Planning, Financial Planning, and Estate and Gift Taxation to Certified Public Accountants and Financial Planners, and has presented well in excess of 500 eight-hour seminars over the past decade. Over the past ten years, Mr. Werner was rated as having the highest speaker knowledge in his home state of Pennsylvania by the Pennsylvania Institute of Certified Public Accountants, was awarded the AICPA Outstanding Discussion Leader Award in the State of Nevada, the Florida Institute of CPAs Outstanding Discussion Leader Award, and the South Carolina Association of CPAs Outstanding Discussion Leader Award.
Non-Member Price $320.00
Member Price $300.00