QUESTIONS TO ASK YOUR CPA ABOUT SALARIES AND EMPLOYEE BENEFITS
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What is a
"flexible benefit" plan? Should I establish one for myself
and my employees? Can I use
phantom stock to motivate employees without giving them
equity in my company? What other alternatives are there to
reward key employee? What is an
"Employee Stock Ownership Plan (ESOP)?" How can I use it as
a motivational tool and turn some of my "sweat equity" (as
the company owner) into cash? What steps can
I take to deal with the rising cost of employee health
insurance? Can I reduce
benefit costs by using independent contractors in place of
certain employees? What are the drawbacks to this
approach? Should I
establish a 401(k) plan? Should it be funded entirely by my
employees or by a mix of employee and company
contributions? What is the
difference between a "defined benefit" and a "defined
contribution" pension plan? Considering my age and income,
which one is best for me? What is a "cross-tested profit
sharing plan," and should I consider that
option? Can I skew the
greatest bulk of pension benefits to my key employees, or
does there have to be an equal distribution of
benefits? What are
"rabbi" and "secular" trusts? Do they make sense for my
business? How and when
should I take deferred compensation? What forms of
stock options make the most sense for me and my employees?
What is the difference between "qualified" and
"non-qualified" stock options? How does the
IRS determine reasonable compensation? How can I maximize my
income without crossing this threshold?