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Tuesday, December 15, 2020 Webcast

New Jersey Business Alternative Income Tax (BAIT) (E2012874)

12:00 PM - 1:15 PM EST

Registration: 11:45 AM EST

webcast

Webcast

1.5 CPE Credits in TX

OVERVIEW

The New Jersey Business Alternative Income Tax (BAIT) is an elective-level tax on pass-through businesses that continues to evolve. Partnerships, LLCs, S corporations - and especially partners/shareholders of flow-through entities - will need expert tax planning advice.

DESIGNED FOR

CPAs in public practice who advise flow-through entity clients as well as CPAs in industry who work for or manage partnerships, LLCs or S corporations

BENEFITS

Attending this session will arm all participants with the most current information and guidance on New Jersey’s BAIT, effective for tax years beginning on or after Jan. 1, 2020.

HIGHLIGHTS

Proactive planning to minimize clients’ tax burden is critical. This webinar will cover the following topics:

  • Taxation planning strategies for the owners share of distributive proceeds
  • Refundable tax credits
  • The impact on single-member LLCs and sole proprietorships
  • Safe harbor provisions and tax rates on pass-through entity income levels
  • Multi State Considerations Federal Tax Considerations

COURSE LEVEL

Basic

PREREQUISITES

None

ADVANCE PREPARATION

None

INSTRUCTORS

Karen Henderson

Karen L. Henderson, CPA

SobelCo

Karen L. Henderson, CPA a Senior Tax Manager in the SobelCo Tax Practice, gained a depth of experience while working with clients in the public accounting sector, as well as in private industry, where her familiarity with strategic cash flow plans and other financial analysis added value for the companies she served. This combination of public-private perspectives enables her to provide critical insights for both the firm’s corporate clients and the individual taxpayers who depend on SobelCo to assist them with strategic tax planning and compliance.

While serving in decision-making roles in accounting and tax firms across New Jersey, Karen developed a unique technical expertise for working with multi-state and start-up income tax returns and large, consolidated, corporate income tax returns as well as supervising and reviewing federal and state income tax returns and managing unclaimed property projects and tax exempt determinations and issues.

Over the years Karen has established a strong reputation in the community for delivering excellent client service. It is this key attribute that enabled Karen to assume a leadership role at the firm where she is having a positive impact on the professional staff and on the clients. A frequent speaker in the state, Karen has been asked to draw on her extensive experience to address critical tax topics for business leaders in manufacturing, healthcare, real estate, nonprofits and foundations.

Alan Sobel

Alan D. Sobel, CPA, CGMA

Managing Member

SobelCo

Alan D. Sobel, CPA, MST is the managing partner of SobelCo, where he is responsible for facilitating the strategic direction and the day-to-day management of the firm. He provides expertise on financial reporting, tax planning for businesses and high net worth individuals and strategic business planning. He has considerable experience with mergers and acquisitions and delivers added value working with clients on sourcing deals, negotiating and structuring transactions, financial and business due diligence and transaction financing. He has expertise in the manufacturing, construction, distribution, real estate development and financial services industries as well as closely held companies and SEC registrants.

Alan is the 2020/21 president of the NJCPA. He developed the concept for the Pass-Through Business Alternative Income Tax Act and played the lead role in writing the legislation and making it fit within New Jersey’s tax structure. He is also a member of the American Institute of CPAs (AICPA) and the New York State Society of CPAs (NYSSCPA). He is the former chairman of the NJCPA Audit Committee and was a former vice president and trustee of the NJCPA and a past president of its Essex Chapter and has served on various committees. Alan was a former adjunct professor of taxation and frequently lectures.

PRICING

$49.00 - Member

$59.00 - Nonmember

Register Today


Note: Online pre-registration will close on December 15 at 12:00 PM.

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