Description

Most Construction Businesses Face the Same Challenges including sustainable growth, retention of key employees, accurate benchmarking, and legislative and regulatory changes.

Join us for an update on how recent tax and regulatory changes at the state and federal level will affect your construction businesses, and how to plan accordingly. Also, learn the latest best practices on Attracting and Retaining Key Employees.

1) Legislative Changes

• Corporate Transparency Act
• Secure Act. 2.0
• Mandatory State of Hawaii Retirement Plan
• Tax Credits Update

2) Advanced Tax Planning Strategies

• Captive Insurance Companies
• Strategic Retirement Plans
• Income Shifting
• Avoiding Estate Tax
• NINGS, DINGS, & LINGS

3) How to Attract and Retain Key Employees; The  rising expectations of rank-and-file employees

• What are non-financial incentives?
• How can you create enough value and engagement?
• Performance vs. Retention Benefits.
• Protecting the Business and Key Employees from Disability

4) Bonus and Comp Structures

• How should annual salaries and bonuses be calculated for key employees?
• What is a bonus based on raising value vs revenue?
• What local resources can help you determine the average local salary?
• When is giving up shares a good idea? Phantom shares, Non-voting shares, and other compensations.

PRESENTERS:

Marko Mijuskovic, MBA, MSIS, CExP ™
Senior Partner | Certified Exit Planner
WestPac Wealth Partners

Charles Au, CPA
Managing Partner
Business Tax Advisors Hawaii

MODERATOR:

Samantha Haas, CEPA®, CLTC®
Director of Business Development l Certified Exit Planning Advisor
WestPac Wealth Partners

Registered Representative and Financial Advisor of Park Avenue Securities LLC (PAS). Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. WestPac Wealth Partners LLC is not an affiliate or subsidiary of PAS or Guardian. Insurance products offered through WestPac Wealth Partners and Insurance Services, LLC, a DBA of WestPac Wealth Partners, LLC. CA Insurance License Number - 0H07043. | Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. | The Living Balance Sheet® (LBS) and the LBS logo are service marks of The Guardian Life Insurance Company of America (Guardian), New York, NY. © Copyright 2005-2024 Guardian | 2024-176014 Exp. 07/17/24