SBRP
SMALL BUSINESS RETIREMENT PLAN REVIEW: NEW ROTH 401(k)s, KEOGHs, TRADITIONAL 401(k)s, IRAs, SEPs, AND SIMPLEs

Small businesses face increasing demands for retirement benefits for rank-and-file employees as well as newly enhanced opportunities for their principals. Unfortunately, they don't have Fortune 500 budgets to design, implement, and administer their plan. Now more than ever, tax practitioners need to recognize the new opportunities available, to know how to communicate the ideas effectively, and to provide ongoing tax planning services to the most important segment of their client base. This course is tailored to the needs of small businesses.

Major topics include:

• Review of practical plan options and matching this to the client's needs
• Roth 401(k) programs: a new opportunity
• The deemed IRA - what the regulations say
• Playing catch up with retirement plans - a new game
• Increasing benefits for participants and deductions for businesses
• SIMPLE and 401(k) plans that provide added benefits
• New final 401(k) plan regulations
• Eliminating the money purchase plan in favor of a more flexible profit-sharing plan
• Increasing access to accounts before retirement
• Compliance: what the IRS and DOL need to know
• How top-heaviness has gone on a diet
• The benefit of an employer-sponsored IRA
• New ways for highly compensated employees to contribute more to their plans
• The latest on cash balance plans
• Late-breaking tax legislation

Level of knowledge: Basic