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
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