Webcast: Fringe Benefits & the Impact on Employee Compensation (XCFBI217)
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This training session is designed to get the accountant up to speed quickly with the numerous employer fringe benefits available and the impact they have on an employee and owner's compensation.

 Export to Your Calendar 10/24/2017
When: 10/24/2017
8:30 AM until 12:00 PM
Where: Webcast
CALCPA
4173398W
United States
Presenter: J Patrick Garverick, CPA, MT, CFP


Online registration is available until: 10/22/2017
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Acronym XCFBI217
CPE 4 hours
Vendor CalCPA
Category
Taxation
Level Intermediate
Prerequisite None
Adv Prep None
Yellow Book? No
Designed for Professionals in public or private practice in need of an in-depth training of the tax laws pertaining to employer provided fringe benefits and the impact on employee’s compensation.
Registration
Member $120
CPA Non-Member $188

The Member rate applies to LCPA members, other state society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Course Description

This training session is designed to get the accountant up to speed quickly with the numerous employer fringe benefits available and the impact they have on an employee and owner’s compensation.

Objectives

  • Understand the fringe benefit income tax laws and other areas that affect employee compensation
  • Be aware of the impact these fringe benefits have on the owner’s compensation depending on type of business entity operated (i.e., sole proprietorship, C corporation, S corporation, partnership, LLCs and LLPs)

Major Topics

  • Review current income tax laws affecting fringe benefits (e.g., health insurance, de minimis, dependent care, employee discounts) with an emphasis on any new legislative changes
  • Discuss the impact the various fringe benefits have on the employee and owner’s compensation (including >2% S corporate shareholders, partners, and LLC members)
  • Explain the tax and non-tax issues of the various tax favored health care plans (i.e. §105 Medical Reimbursement Plans (MRPs), Health Reimbursement Arrangements (HRAs), §125 Health Flexible Spending Arrangements (Health FSA) and Health Savings Accounts (HSAs)) to their clients, colleagues and employees
  • Look at the calculation of the add back to the employee’s Form W-2 for the personal use of company owned cars and non-employer provided cellular phones
  • Review how (if after any tax reform) the Market reform provisions apply to group health plans and the potential excise tax of $36,500/year/employee for failure to comply