Description:

This book is for preparing 2025 taxes. This course covers essential retirement plan information for tax preparers to help them advise clients on selecting the optimal retirement plan for their small businesses. It highlights the impact of SECURE 2.0 on these plans, addressing qualifications for expanded credits covering administrative costs and credits for employers initiating new plans. The session explores the pros and cons of tax-advantaged retirement options for small businesses, detailing employer obligations for funding and matching contributions in each plan. Popular options like self-employed pension plans (SEPs), savings inventive match plans for employees (SIMPLE) IRAs and 401(k) plans are reviewed, along with corresponding tax reporting.

• Applying the provisions of SECURE 2.0 to small business retirement plans
• Identifying the features of SEPs, SIMPLE IRAs and 401(k) plans
  
• Calculating the maximum contribution for various types of retirement plans
• Computing the deduction for various types of retirement plan contributions
• Outlining the employer's obligation for required plan enrollment and require employee contributions
• Identifying the employer’s responsibility for maintaining and funding retirement plans
• Distinguishing between the tax treatment of sole proprietors, partnerships and corporations with regard to retirement plans
  

Product Details:

Item Number: E25367

Level: Basic

Authors: NATP Staff

Published: 2025

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Corresponding CPE Courses:

Get the e-book FREE when you purchase the corresponding 2025 course.

Purchase Info:

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