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CPA CPE WEBINAR - EARN 3 CPA CPE credits

Instructor: Mark Brumbaugh, JD^®

With 25 years’ experience, Mark Brumbaugh, Attorney, serves as a Consultant to Financial Advisors in the fields of business planning, executive benefits and estate planning. He has been a member of Guardian Life Insurance Company’s Business Resource Center since 2008 and is a member of the state bars of PA and NJ.

Highlights of the seminars include:

Closely-Held Business Transfer & Exit Strategies – 1 credit

The purpose of this one-credit seminar is to educate you on several ways closely-held business owners can either sell their interest to a co-owner, or transfer the business to a family member during life or at death. It is important for you to understand various planning techniques, tax and funding implications as the business may be the most valuable asset of their clients.

Learning Objectives:

• Show the importance of a buy-sell contract between non-related business owners;
• Discuss why life insurance is an important funding option for buy sell planning;
• Discuss the importance of business valuation for buy sell planning and estate and gift tax planning;
• Show how a family business owner can transfer his or her business to the next generation during life or at death; and
• Discuss estate and gift tax considerations.

 Understanding Non-Qualified Deferred Comp – 2 credits

This two-credit course is geared toward your small and medium-sized business owner clients. It is designed to help you understand the numerous variations possible in the design and implementation of non-qualified deferred compensation (NQDC) plans. You’ll review the basics of a non-qualified deferred compensation plan (NQDC) and how these plans work. You’ll also look at plan design, funding options, and tax issues, including Section 409A.

Learning Objectives:   

• Recognize the different ways plans can be structured.
• Identify the various income tax issues involved.
• Avoid some of problems that can arise in the plan design process.
• Understand the choices that are available to informally fund a plan.