New in Self-Study
  • Tax Consequences of the New Health Care Reform
    Staying up-to-date on the latest health care reform is crucial for the tax practitioner. New legislation will impact many of your client's businesses and the bottom line on their tax returns. This course provides the information you need regarding the Patient Protection and Affordable Care Act and the subsequent impact on health care coverage.
  • Tax Issues in the HIRE Act
    Obtain the latest tax information about Hiring Incentives to Restore Employment (HIRE) Act with this essential course. This course examines the impact the HIRE Act has on our business clients and explains the numerous tax implications.
 
  Innovative Education

Western CPE Logo

Phone:
(800) 822-4194
(406) 556-0115

Fax:
(206) 774-1285

E-mail: wcpe@westerncpe.com

243 Pegasus Drive
Bozeman, MT 59718

Office hours:
Monday - Friday
7 A.M. - 6 P.M. MST

Self-Study — Course Detail

links to other topics
Accounting & Auditing Computer Applications & Technology Corporate Finance
Management & HR Ethics Government & Nonprofit
Personal Development Taxation & Financial Planning

Benefits & Employee Compensation
Danny Santucci
Copyright© 2010

Course: 8102108   Version 1004

NASBA Category:     Taxes     CPE Credits 4
CTEC credits: 4 Federal / California
Level: Overview  (68 pages)
Prerequisite: There are no prerequisites.
Advance Preparation: None.


Course Description
The various ideas, methods, and techniques to optimize the overall compensation package for key employees and principals are examined in this minicourse. Generally, businesses may deduct employees’ pay including wages, salaries, and other perks. Certain fringe benefits that can provide an unusually tax-favored manner of supplementing compensation are described and evaluated. In addition, equity participation is explored through stock sales, repurchase agreements, incentive stock options, ESOTs, stock options, and bonuses. Finally, deferred compensation arrangements are investigated. The goal of this mini course is to provide participants with a working knowledge of types of compensation necessary to structure a compensation package minimizing tax liabilities and cost.

Western CPE has been approved by the California Tax Education Council to offer Benefits & Employee Compensation (2071-CE-0080), which provides 4 hours of federal credit and 0 hours of state credit towards the annual “continuing education” requirement imposed by the State of California. A listing of additional requirements to register as a tax preparer may be obtained by contacting CTEC at P.O. Box 2890, Sacramento, CA, 95812-2890, toll-free by phone at (877) 850-2832, or on the Internet at www.ctec.org.


Table of Contents

Learning Objectives
Upon successful completion of this course, participants will be able to:
    • Identify the twenty common-law rules used by the IRS to determine whether a person is an employee for purposes of FICA, FUTA and federal income tax withholding.
    • Recognize employee and officer compensation deductibility factors and the related employment taxes and reporting obligations to ensure compliance with regulations.
    • Analyze and compare fringe benefits to provide deductible incentive based employee compensation.
    • Explain equity incentive opportunities available to employers emphasizing the variety, tax treatment, and use of stock plans.
    • Discuss using deferred compensation agreements to attain compensation and retirement objectives.




 
Select   Format   Retail Price
  Online   $45.00   After purchasing this course, you may click here to log in and access the course material.
  Hard Copy   $49.00

: : Privacy Policy : : Refund Policy : : Shipping Policy : :

Western CPE | Offering Continuing Professional Education (CPE) and Professional Development for Accountants and Financial Planning Professionals | Home

Photo of Beartooth Mountains courtesy of www.magicpixel.biz