Minimizing self-employment taxes is desirable but tricky.
By Marc Rosenberg
Retirements & Buyouts
The income tax aspect of practice management issues is an area of my consulting practice in which I have knowledge, but I wouldn’t call it “expertise.” So I sought the counsel of an expert – Jeff Arnol, CPA, Managing Partner of Kessler, Orlean, Silver & Company in Chicago. The information presented here is based on my 20+ years of experience of working with CPA firms on partner retirement plans, liberally supplemented by Arnol’s input.
MORE ON PARTNER RETIREMENTS: Two Ways to Retire, and One’s Not Pretty | Mandatory Retirement Varies by Firm Size | Mandatory Retirement? 4 Reasons The Firm Comes First | How to Transition Clients from Retiring Partners | You Want Goodwill Payments? Give Proper Retirement Notice | Retirement Vesting: The Devil’s In the Details | Compromise Is In Order for Some Goodwill Payouts | Three Ways to Calculate Goodwill Payable in Partner Buyouts, None of Them Great | 5 Points to Consider When Paying Out Goodwill | How to Set Terms and Limits for Goodwill Payouts | Partners May Balk at Guaranteeing Retirement Obligations
TO READ THE FULL ARTICLE
