Events Search
  Summary & Check Out (0)
Wednesday, June 23, 2021 Live Webcast

Tax Planning for Small Businesses - Tax Staff Essentials (E2106242)

8:30 AM - 12:00 PM EDT

Registration: 8:00 AM EDT

webcast

ON24

4.0 CPE Credits in TX

OVERVIEW

What tax planning strategies will you provide for your corporate and small business clients? This course explores state-of-the-art planning ideas and tax saving strategies to keep more of your clients’ money in their pockets. 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 as a result of the most recent tax legislation.

This course features a live instructor and has been specifically designed for the NJCPA.

DESIGNED FOR

CPAs looking for innovative tax planning and savings techniques to solve client problems

BENEFITS

  • Identify important tax considerations for the small business at each stage of its life.
  • Differentiate entity type options available for small businesses.
  • Calculate the Qualified Business Income deduction under Section 199A.
  • Identify the pros and cons choosing an entity type after passage of the Tax Cuts and Jobs Act.
  • Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders.
  • Choose the most effective strategy for depreciation of business tangible property.
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner.
  • Apply tax knowledge to help create an efficient and effective estate plan for a client.
  • Analyze a client’s need for a buy-sell agreement.
  • Select a tax accounting method that is appropriate for a particular business.
  • Recognize tax issues involved in the exit of a shareholder from a corporation.
  • Select among ways to dispose of or liquidate a business in a tax-efficient manner.

HIGHLIGHTS

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

COURSE LEVEL

Intermediate

PREREQUISITES

Basic knowledge of business taxation.

ADVANCE PREPARATION

None

INSTRUCTOR

William Taylor

William F. Taylor, CPA

Surgent Professional Education

Bill Taylor is President of Benefit Solutions, Ltd., an employee benefit consulting firm based in Jackson, Mississippi. Prior to starting his own firm, Mr. Taylor was the Employee Benefits Coordinator in the Jackson office of KPMG Peat Marwick before joining a regional CPA firm with a large benefit administration practice. He has also served as a trust officer, designing retirement plans for a large regional bank. A nationally known consultant and speaker, Mr. Taylor’s articles have appeared in numerous publications. He is also an editor of the American Society of Pension Actuaries’ facsimile newsletter, “ASPA ASAP”, and serves on ASPA’s Government Affairs Committee and the advisory board of Panel Publishing’s “Distribution Advisor” newsletter.

PRICING

$189.00 - Member

$264.00 - Nonmember

Event Cancelled

This event has been cancelled.

ADDITIONAL OPTIONS

Remind me to register

Print a registration form

COURSE DEVELOPER

AICPA/NJCPA

AREAS OF INTEREST