Course ID: STSB

Slashing Taxes for Your Small Business Clients: Corporations, Partnerships, & LLCs

Solid tax planning strategies are essential for your corporate and small business clients. Join us as we explore state-of-the-art planning ideas and tax-saving strategies to keep more of your client’s money in their pockets. We’ll answer the tough questions and show you what strategies are best for your clients as a result of the most recent tax reform.


LEARNING OBJECTIVES
  • Identify important tax considerations for the small business at each stage of its life.
  • Differentiate entity type options available for small businesses.
  • Select an appropriate strategy for compliance with the Affordable Care Act employer provisions.
  • Differentiate the various ways in which LLC owners may be subject to self-employment taxes.
  • 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.
  • Identify opportunities for timing of section 1231 losses.
  • Compare tax impacts of various methods of leaving a partnership.
  • 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.

MAJOR TOPICS
  • Starting a business – the tax life of a business
  • Selecting a business entity type
  • Retirement Plan Options
  • Complying with the Affordable Care Act
  • Compensation of owners – hiring family members
  • Reasonable Compensation
  • Tangible property regulations
  • Managing section 1231 losses
  • Transactions with owners
  • Buy-Sell and Noncompete agreements
  • Exiting the business – special exit techniques

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

FIELD OF STUDY
Taxes

PREREQUISITES
Basic knowledge of business taxation

COURSE PRODUCER
AICPA

CPE CREDITS
8.0

LEVEL
Intermediate

This course is avaliable for your group as:

Group Live
 

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