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Wednesday, December 23, 2020 Webcast

Tax Planning for Small Businesses (X3-2207179)

1:00 PM - 5:00 PM EST

Webcast


4 CPE Credits in TX

OVERVIEW

Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients?

Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients. We use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients.Discussions will include traditional and new planning opportunities due to the latest tax legislation, including SECURE 2.0 and related regulations, as well as IRS guidance.

DESIGNED FOR

Tax professionals with small business clients

BENEFITS

  • Identify important tax considerations for the small business at each stage of its life.
  • Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.
  • Differentiate the advantages available for small businesses based on entity type.
  • Analyze which activities of a taxpayer are subject to self-employment taxes

HIGHLIGHTS

  • Starting a business — the tax life of a business
  • Selecting a business entity type
  • SECURE Act 1.0 and 2.0
  • Section 199A and the Qualified Business Income deduction
  • Accounting methods
  • Compensation of owners - hiring family members
  • Reasonable compensation issues
  • Depreciation, Section 179, and bonus depreciation
  • Transactions with owners
  • Buy-sell and noncompete agreements
  • Exiting the business - special exit techniques

COURSE LEVEL

Advanced

PREREQUISITES

Basic knowledge of business taxation

ADVANCE PREPARATION

None

INSTRUCTOR

Deborah Phillips

Deborah A. Phillips, CPA, MST
(4.7)

Surgent Professional Education

Read bio

PRICING

$179.00 - Member

$219.00 - Nonmember

Pre-Registration Closed

Online pre-registration for this event is now closed.

ADDITIONAL OPTIONS

Print a registration form

COURSE DEVELOPER

AICPA/NJCPA