PTO Contribution Arrangements Can Help Prevent the
Year-End Vacation-Time Scramble
the Thanksgiving kick-off of the holiday season through
December 31, many businesses find themselves short-staffed as
employees take time off to spend with family and friends.
But if you limit how many vacation days employees can roll
over to the new year, you might find your workplace to be
nearly a ghost town as employees scramble to use their time
off rather than lose it.
A paid time off (PTO) contribution
arrangement may be the solution.
allows employees with unused vacation hours to elect to
convert them to retirement plan contributions. If the plan
has a 401(k) feature, it can treat these amounts as a pretax
benefit, similar to normal employee deferrals. Alternatively,
the plan can treat the amounts as employer profit sharing,
converting the excess PTO amounts to employer contributions.
PTO contribution arrangement can be a better option than
increasing the number of days employees can roll over.
Why? Larger rollover limits can result in employees building
up large balances that create a significant liability on your
offer a PTO contribution arrangement, you simply need to amend
your plan. However, you must still follow the plan
document's eligibility, vesting, rollover, distribution and
loan terms, and additional rules apply.
To learn more about PTO contribution arrangements, including
their tax implications, please contact us at
SMEED CPA Adds Financial
Services To Help Clients With
Investments & Insurance
often we here at SMEED CPA are asked about financial issues
that impact our clients investments and their portfolios.
We always offered our opinion and suggestions but in order to
help our clients actually execute the changes we suggest,
SMEED has created a Financial Services division.
SMEED Financial Services, Inc. will be able to
work with both individual and business clients on their
investment portfolios and manage assets on their behalf.
SMEED Financial will include Michael Uadiale,
ACA, CPA, CGMA; and Pablo Blanco who has
recently joined SMEED and comes with over 18 years of
financial sales and advising experience with affluent
Watch your inbox and mail boxes for more specific information
on services SMEED Financial Services, Inc will make available
Would You Give Me Your
Feedback & Testimonial
on Our Hotline?
Hello it’s Michael Uadiale, CPA of
SMEED CPA Inc. We’ve just installed a toll-free
number that I would like for you to call and tell me how you
think we are doing as your CPA firm.
Just dial 800-609-9006
extension 3638 and follow the instructions. If we’ve
done a good job please let me know. And if we can
improve on anything, please mention that too.
Us Be Found on
Also as we expand our business,
we find more and more people are using
YELP and Google
to look for us by searching Brentwood accountant or
When they do this we want to
be FOUND on GOOGLE. One way you can help us
is to give us an
ONLINE REVIEW on our Google Maps/Places listing --->
or on our YELP local listing
click here to go to our Google Listing for SMEED CPA and
click on the
YELP link to go there.
Scroll down to the Review area.
On either site it may say: Been here?
Rate and review
You will click on the Rate and
review link and then log in, then
give us a review!
You can choose between 1 and 5
STARS and write in what you think about the tax or accounting
work we have done for you.
It's that simple. Thank
you in advance for your help and cooperation!
As always you can call our offices if you have any
questions about these or any other accounting related issues, at
Regards, Michael Uadiale, CPA,
Managing Partner, SMEED CPA,