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This session will focus on the business owner who is surviving the coronavirus slowdown and would like to consider an exit option in the next 5 years, but is worried that the impacts of the COVID-19 pandemic will delay this goal. Discover how an Employee Stock Ownership Plan (ESOP) can be a potential buyer that would pay full FMV for part or all of the stock this year.
The discussion leader will explain how the valuation effects of the economic slowdown from the coronavirus may be minimized in the purchase price depending on how the deal is structured, and how, with an ESOP as an owner, the ongoing business can be strengthened from a tax perspective and a more motivated employee base.
Sponsored by Capstone Headwaters
As we saw from the recent United States Department of Labor review of employee benefit plan audits, auditors need to raise their game in order to provide the quality audits that plan stakeholders demand. The AICPA has reacted by issuing a proposed SAS that will significantly impact how audits of these plans will be performed. Now is the time to get up to speed on these significant issues and changes occurring in the world of 401(k) plan audits.
In this advanced course, we will discuss both the existing and new rules and regulations unique to employee benefit plans as well as provide practical guidance on their application. The most common compliance issues identified in 401(k) audits will be explored along with recommended corrections. Auditors will identify best practices for handling specific issues that arise during the course of the engagement related to payroll and compensation, participant loans, hardship distributions, investments, plan mergers/acquisitions, etc. Efficient audit techniques that can be utilized in various audit engagements will also be identified. This is the course to take to help you improve the quality of your 401(k) benefit plan audits.