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Thursday, November 30, 2023 Live Webcast

Tax Planning for Small Businesses - Tax Staff Essentials (E2311492)

8:45 AM - 12:15 PM EST

Registration: 8:30 AM EST


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4.0 CPE Credits in TX


This course identifies tax planning strategies for small business clients throughout the different life cycles of the business. A case-study approach will be used 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 and IRS guidance.


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


  • 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.
  • Recognize how depreciation may be used in business tax planning.
  • Calculate basis for partnerships and S corporations.
  • Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders.
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner.
  • Recall the tax treatment of contributions to a business entity by new investors.
  • Recognize the tax treatment of distributions to small business owners.
  • Analyze a client’s need for a buy-sell agreement.
  • 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.


Discussions will include traditional and new planning opportunities as a result of the latest tax legislation and IRS guidance, including:
  • Starting a business — choice of entity and the tax life of a business
  • Selecting a business entity type
  • Section 199A and the qualified business income deduction
  • Accounting methods
  • Self-employment taxes and entity type
  • Reasonable compensation
  • 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




Basic knowledge of business taxation




Deborah Phillips

Deborah A. Phillips, CPA, MST

Surgent Professional Education

Debbie operates her own tax controversy practice, specializing in partnership and S corporation tax law as well as IRS audits and procedures. She has been successful petitioning and resolving tax issues under the jurisdiction of the United States Tax Court. She is proficient in Section 199A provisions and computations as well as the Tax Cuts and Jobs Act. She prepares all types of tax returns and utilizes her forensic accounting skills for potential IRS criminal prosecution. Having spent more than 32 years at the IRS, Debbie retired from its Large Business and International Division, where she was a senior manager in the Flow-Through Issue Practice Group, which specialized in S corporation and partnership tax. She was the operations and technical assistant to the Deputy Commissioner International; the technical assistant to the Director of PFTG; a territory manager in the retail, food and pharmaceuticals industries; a team manager in the heavy manufacturing industry; and the IRC Section 263A Technical Advisor. Debbie taught accounting and taxation as an adjunct at Delaware State University, Wilmington College and Goldey-Beacom College. She has been a seminar presenter for over 24 years and a textbook author. She regularly receives the Surgent Outstanding Discussion Leader Award.


$189.00 - Member

$264.00 - Nonmember

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Note: Online pre-registration will close on November 30 at 8:30 AM.


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