IRS Approved AFSP Courses
2 hours
Certificate CTEC IRS NASBA

Primer on Retirement Plans for Small Business

Course Description
There are several retirement plan options available to business owners. Each plan comes with its own set of benefits and requirements. This course explores the advantages and incentives of creating a retirement plan, as well as discussing the differences and statutory requirements for each plan.

Learning Objectives
After completing this course, you will be able to:

  • Identify the various retirement plan options for small businesses
  • Differentiate SEP, SIMPLE, and qualified plans
  • Recognize the differences in SIMPLE IRA and SIMPLE 401(k) plans
  • Identify the statutory requirements for operation of qualified plans, such as 401(k) plans
  • Calculate the maximum amount of income that can be deferred through the use of various types of retirement plans available to small businesses
  • Recognize the tax consequences of distributions from the various retirement plans

Duration: 100 minutes
Who Should Attend: All tax practitioners advising individual and business clients
Course Level: Intermediate
Prerequisite: Basic knowledge of various retirement plans, including SEP, SIMPLE, 401(k)
Advance Preparation: None
Delivery Method: Self Study - Internet Based
NASBA: 116347
IRS CE: UBWMF-T-00227-21-S
CTEC: 6209-CE-0078
Expiration: In accordance with NASBA standards, access to this course will terminate one year from the date of purchase. Incomplete courses will no longer be accessible beyond the one year deadline.

Last Modified: 04/27/2021