SECURE 2.0 Tax Credits
Stephen Abrahamson This program summarizes the tax credits in SECURE 2.0 with examples and guidelines. Included in the material is the Start-Up Tax Credit, the auto-enroll tax credit, the employer contribution tax credit and the military spouse tax credit. Examples of each of the credits will assist in identifying which companies will benefit most from the availability of the credits and which credits are most applicable to the company.
Why you should Attend:
As an advisor you should be familiar with the introduction of these tax credits to enable you to discuss the advantages with clients that have avoided adopting retirement plans. Since tax credits are more valuable than tax deductions the impact will result in reducing the cost of adopting and operating a retirement plan.
Areas Covered in the Session:
- Review of all tax credits and their application
- Discussion of the various types of auto-enroll including ACA, QACA and EACA
- Availability of combined credits
- Definition of Non-Highly Compensated Employee (NHCE) as related to the Start-Up tax credit
- Three examples of the Start-Up tax credit
- Examples of all tax credits application
- All Advisors, including CPAs, Accountants and Financial Advisors will benefit, allowing them to provide this information to their clients and determine if the client is eligible for any of the tax credits
- In addition, IRS form 8881 is included as an image which clearly steps through the calculation of each tax credit
Speaker Profile
Stephen Abramson is the President and founding partner of APS Pension & Financial Services, established in 1977, a consulting and actuarial firm specializing in pension design, administration, business succession, and wealth preservation. With over 40 years of experience, he has helped closely held businesses navigate retirement and financial planning. He also founded APS Investment Management (2015) to provide fiduciary services and APS Wealth Management (2018), a Registered Investment Advisor, to serve individuals and retirement plans. Steve is a seasoned educator and speaker, having taught for the American Society of Pension Actuaries and presented to organizations such as the National Conference of CPA Practitioners and NYS Society of CPAs. He has conducted continuing education seminars for CPAs for over 35 years. He is the co-author of Plan Smart, Retire Rich and author of several widely used publications on retirement planning. He holds a degree from Cornell University and professional designations including Chartered Life Underwriter (CLU), Certified Pension Consultant (CPC), and Chartered Financial Consultant (ChFC).