Course ID: CL4STSB

Tax Planning Strategies for Small Businesses: 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.
  • Choose a tax-saving retirement plan that best suits a small business.
  • Select an appropriate strategy for compliance with the Affordable Care Act employer provisions.
  • Select the appropriate taxes to withhold when hiring family members.
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner.
  • 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.
  • Analyze educational assistance provided to employees to determine whether it qualifies as a working condition fringe benefit.
  • Identify the characteristics that establish economic substance for a loan transaction between a business and its owner.
  • Choose the correct tax treatment for a covenant not to compete that is entered into in connection with the acquisition of a business interest.
  • 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.
  • Determine the tax consequences of divorce-related transfers of business interests.
  • Identify recent developments affecting the taxation of small businesses and their owners.

MAJOR TOPICS
  • Starting a Business
  • Retirement Plans
  • Affordable Care Act
  • Owner Compensation
  • Transactions with Owners
  • Recent Developments – PATH Act of 2015

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

PREREQUISITES
Basic knowledge of business taxation

COURSE PRODUCER
AICPA

CPE CREDITS
4.0

LEVEL
Intermediate

This course is available to be scheduled as:

Group Live Webcast - 4 hour
 

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