Do you offer employee benefits planning to your clients? The employee benefits package is a critical element in the data gathering phase in personal financial planning, so you should be as familiar with your client’s benefit package as you are with your client’s estate and income tax returns. This CPE course examines group insurance and employee benefits so you can create a competitive advantage for employers, making the additional costs of the benefits a good investment in attracting and retaining quality employees.
As part of the personal financial planning process, employee benefits planning can help clients navigate the complex group insurance and employee benefits maze. Referring to any benefit provided by an employer other than basic compensation, employee benefits can include everything from gym memberships to education reimbursement and from transportation incentives to free meals. For the employee, these benefits, most of which are received income tax free, can sometimes be confusing. If correctly applied, employee benefits can form the foundation of a client’s personal financial plan
CPAs and financial planners with basic knowledge of, and interest in, personal financial planning.