CONTINUING EDUCATION FOR TAX & FINANCIAL PROFESSIONALS
Self-Study

Employee Compensation & Benefits

3 Credits: Taxes

$87.00$107.00

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Employee Compensation & Benefits

Format
Self-Study
Course Level
Overview
CPE Credits

3 Credits: Taxes

Course Description

In the realm of business management, structuring a comprehensive and tax-efficient compensation package for key employees and principals is a complex yet crucial task. This mini-course tackles this challenge by examining a range of ideas, methods, and techniques to optimize compensation packages. Understanding that businesses can deduct various forms of employee pay, including wages and perks, the course delves into tax-favored fringe benefits that supplement compensation effectively. It goes further to explore equity participation through diverse avenues like stock sales, repurchase agreements, incentive stock options, and ESOT’s. The course also investigates the intricacies of deferred compensation arrangements. Its primary objective is to equip participants with the knowledge to craft compensation packages that minimize tax liabilities and costs, ensuring compliance with regulations. By mastering these concepts, participants will gain valuable insights into structuring effective compensation strategies that align with both the employee’s and the company’s financial goals.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • Identify the 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.
  • Identify fringe benefits specifying those that provide deductible incentive-based employee compensation.
  • Specify the equity incentive opportunities available to employers showing the variety, tax treatment, and use of stock plans.
  • Recognize the use of deferred compensation agreements to attain compensation and retirement objectives.
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Course Specifics

Course ID
8202722
Revision Date
April 3, 2024
Prerequisites

There are no prerequisites.

Advanced Preparation

None

Number of Pages
87

Compliance Information

NASBA Provider Number: 103220
IRS Provider Number: 0MYXB
IRS Course Number: 0MYXB-T-02109-22-S
IRS Federal Tax Law Credits: 3
CTEC Provider Number: 2071
CTEC Course Number: 2071-CE-1521
CTEC Federal Tax Law Credits: 3

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

CTEC Notice: California Tax Education Council DOES NOT allow partial credit, course must be taken in entirety. Western CPE has been approved by the California Tax Education Council to offer continuing education courses that count as credit towards the annual “continuing education” requirement imposed by the State of California for CTEC Registered Tax Preparers. 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, by phone toll-free at (877) 850-2832, or on the Internet at www.ctec.org.

Meet The Experts

Danny Santucci, BA, JD, is a prolific author of tax and financial books and articles. His legal career started with the business and litigation firm of Edwards, Edwards, and Ashton. Later he joined the Century City entertainment firm of Bushkin, Gaims, Gaines, and Jonas working for many well-known celebrities. In 1980, Danny established the law firm of Santucci, Potter, and Leanders in Irvine, California. With increasing lecture and writing commitments, Danny went into sole practice in 1995. His practice emphasizes business taxation, real estate law, and estate planning. Speaking to more than 100 groups nationally each year, he is known …