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 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 as a result of the latest tax legislation, including the SECURE 2.0 Act, and IRS guidance.

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

DESIGNED FOR

Tax professionals with smallbusiness clients

BENEFITS

  • Starting a business — the tax life of a business
  • Selecting a business entity type - Section 199A and the Qualified Business Income deduction
  • Accounting methods
  • Reasonable compensation issues
  • Depreciation, Section 179, and bonus depreciation planning considerations
  • Retirement planning
  • Buy-sell and noncompete agreements
  • Tax considerations when selling a business
  • Partnership hot assets and other look-through provisions
  • HIGHLIGHTS

    • 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.
    • Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders.
    • Recall the tax implications of contributions by new investors to a corporation and partnership.
    • Identify the benefits and structures of buy-sell agreements for small business owners.

    COURSE LEVEL

    Advanced

    PREREQUISITES

    Basic knowledge of business taxation

    ADVANCE PREPARATION

    None

    INSTRUCTOR

    William Taylor

    William F. Taylor, CPA

    Surgent Professional Education

    William F. (Bill) Taylor, CPA is President of Lifetime Financial Solutions, LLC, a financial coaching firm, and a CPA in private practice. Since retiring as Community Bank President of Renasant Bank in Water Valley, MS, he has served as an adjunct assistant professor in the MBA program at the University of Mississippi. Bill has worked in the employee benefit and investment fields for over 25 years, beginning his career as the Employee Benefits Coordinator in the Jackson, MS, office of KPMG Peat Marwick and managing his own firm since 1999. A nationally known consultant and speaker, Bill has conducted seminars for the American Institute of Certified Public Accountants, the American Society of Pension Professionals & Actuaries, CPA and bar associations in 45 states, and many private organizations. He has been awarded both the AICPA Outstanding Discussion Leader award and the James L. McCoy Discussion Leader of the Year Award from Surgent CPE. Bill is the author of Taxation of Employee Benefits Volume I and Volume II, and his articles have appeared in numerous publications.

    PRICING

    $189.00 - Member

    $264.00 - Nonmember

    Event Cancelled

    This event has been cancelled.

    ADDITIONAL OPTIONS

    Print a registration form

    COURSE DEVELOPER

    AICPA/NJCPA

    AREAS OF INTEREST