This course presents a unique ‘hands-on’ opportunity to understand the tax aspects of the decision-making process that a business owner must undertake throughout the life cycle of the business. The session begins with the class agreeing to a basic set of facts about the business. From there we will proceed through a discussion of key life cycle decisions and their tax-oriented alternatives, beginning with choice of entity and moving through additional key decisions affecting the operation, maturation, and growth of the business. The day culminates with an exercise in which teams of participants will independently negotiate the terms of a sale of the mature business, based upon a final set of facts agreed to by the class as a whole. The most fascinating aspect of this exercise is watching the class react to just how different the final sales terms can be for each team.
DESIGNED FOR
CPAs who advise client business entities or their own firm on the tax-oriented aspects of business decision making.
BENEFITS
- Understand the ways in which tax-oriented alternatives impact key life cycle decisions of a business and the ways in which the facts and attributes of a given business impact these choices
- Be able to articulate and apply a structured process for evaluating a decision in light of the business’s unique circumstances and determining the best alternatives from a tax standpoint
HIGHLIGHTS
- Choice of entity considerations
- Payroll and health care
- Business expansion
- Multi-state tax implications
- Pension plans
- Asset acquisition within the operating company or a separate entity or leasing and inventory treatment
- Negotiation of terms of sale
COURSE LEVEL
Intermediate
PREREQUISITES
Some experience in, and a working knowledge of, the fundamental principles of business taxation.
ADVANCE PREPARATION
None
ADDITIONAL NOTES
NJCPA Goes Green - Registrants Save $20
New for 2018, course materials will be distributed electronically and we're passing the savings along to you. All 8-hour seminar pricing has been reduced by $20. To access, visit your
My Events page. Download to your laptop or tablet prior to your seminar. Handouts are added as received.