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Tax Planning for Small Businesses - Tax Staff Essentials

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Webinar

4.00 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

Modern planning ideas and tax-saving strategies to help guide your small business clients.

Highlights

  • Starting a business - the tax life of a business
  • Selecting a business entity type
  • SECURE Act 1.0 and 2.0
  • 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

    Prerequisites

    Working knowledge of business taxation

    Designed For

  • Tax professionals with small-business clients

    Objectives

    • 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.
    • Differentiate the advantages available for small businesses based on entity type.
    • Apply the four tiers of business losses for noncorporate taxpayers.
    • Analyze which activities of a taxpayer are subject to self-employment taxes.

    Notice

    This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by AICPA.

  • Leader(s):

    Leader Bios

    William Murphy

    William F. Murphy is an expert in tax consulting and financial planning who works with corporations, news and publishing organizations, and professional practices in Indiana. Besides being a CPA, he is accredited in business valuation and holds designations of personal financial specialist and certified valuation analyst. Bill has appeared as an expert witness in cases involving marital and business disputes and has lectured on valuation and tax issues for the National Business Institute, Western CPE, Indiana Continuing Legal Education Forum, Indiana CPA Society, American Institute of Certified Public Accountants and the National Association of Certified Valuation Analysts, among others. He is also a member and former chairman of the Ethics Committee for the Indiana CPA Society and a contributing expert to FOX News, CNBC and other media.

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    Non-Member Price $269.00

    Member Price $225.00