2021 is the first year that clients can take advantage of the SECURE Act’s retroactive plan adoption provisions. Businesses usually don’t have financial results finalized for a tax year until after the close of the taxable year and this new extended deadline will give companies extra time to decide whether a retirement plan may be beneficial, and if so, retroactively adopt a new qualified plan to get the benefits of tax deductions for the taxable year just ended. Coupled with the change in available tax credits for adopting new plans, this gives you a huge opportunity to shelter some taxable income with the full benefit of hindsight.
An objective look at retirement plan selection, as well as the pros and cons of different plan types, will make you an even more valuable resource to your clients.
CPAs, financial advisors, and all-around good eggs.
Identifying tax-favored planning opportunities for your clients.
Renee Ordeneaux has more than 25 years of experience in public accounting and in industry, including various management roles within several nonprofit organizations, from membership director to CFO. She is a partner at Armanino LLP, the largest accounting firm based in California, where she provides audit and tax services to a broad range of nonprofit groups, including social services organizations, health clinics, religious congregations, mentoring programs and foundations. Prior to RBZ’s merger with Armanino, she led RBZ’s audit practice. She serves on the Armanino quality control committee and nonprofit practice group. Ordeneaux volunteers her time with various nonprofit organizations, and is treasurer of the Theodore Payne Foundation, an organization promoting the use of California’s native plants in landscapes, and the board chair of Upward Bound House, which provides supportive housing services to homeless families. She is a former board president and treasurer of the Los Angeles Junior Chamber of Commerce. She is a frequent speaker on nonprofit accounting and finance issues, and taught nonprofit accounting in the UCLA Extension accounting program for five years. Ordeneaux has a bachelor’s degree in English literature from the University of Texas, Austin, and a master of business administration from the Anderson School of Management at the University of California, Los Angeles (UCLA). She is a member of the AICPA and CalCPA.
Non-Member Price $109.00
Member Price $79.00