[WEB] Maximizing Fringe Benefits: Strategies for Business and Personal Needs in 2025 and Beyond

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

With changes in the economy and tax laws, effective fringe benefit planning has become increasingly important for both businesses and individual clients. This course provides an in-depth overview of the tools and techniques available for fringe benefit planning, helping practitioners navigate the evolving landscape. You will learn how to design plans that meet both business and personal needs, while ensuring compliance with current tax regulations.

The course delves into complex areas of employee benefit planning, such as ERISA reporting and disclosure requirements. By the end of the course, participants will be equipped with the knowledge to advise clients on tax-efficient fringe benefit strategies and compliance with regulatory requirements, ensuring that their planning aligns with both business goals and employee needs. 

Highlights

• Overview of the fringe benefit planning process
• Understanding the needs of business owners and employees
• Options available under IRC §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

Objectives

At the end of this course, you will be able to:

• Compare a variety of planning tools and techniques to meet fringe benefit planning objectives.
• Analyze the tax implications of fringe benefit plans, including timing of income and deductions.
• Assess options available under IRC §132 for fringe benefit plans.
• Design cafeteria plans to meet business and employee needs.
• Evaluate the tax implications of dependent care and educational assistance plans.
• Apply ERISA reporting and disclosure requirements to employee benefit planning.
• Implement flexible spending account plans effectively.
• Compare health care benefits under insured plans and HMOs to provide cost-effective solutions. 

Designed For

CPAs, EAs, and attorneys