Lifecycle Financial Planning - Getting Money to Small Business Owners

Overview

Financial planning for a small business is inherently tied with the owner. When you plan for the future of the company, you are planning for the individual as well. Trying to get the owner additional cash from his/her company is a common issue faced by many advisors. However, it is important to realize that the form of that cash movement may result in very different tax implications. Using easy to understand examples and cases, this course will explore the common methods used to transfer cash from a small business to the owner him/herself. We will look at how the tax implications differ depending on entity type and the form of payment.

Highlights

• The Small Business Owner's Problem
• Distributions from a C
• Corporation
• Distributions from a Partnership
• Distributions from an S
• Corporation
• Reasonable Compensation, Rent, and Loans

Prerequisites

Fundamentals of corporate and pass-through entity taxation.

Designed For

CPAs and financial advisors who work with small business owners.

Objectives

• Compare the basic tax implications of distributions from a C
• Corporation, S
• Corporation, and Partnership
• Calculate the tax implications of cash distributions and property distributions from S
• Corporations and Partnerships
• Calculate tax basis for a partnership and an S
• Corporation
• Identify the factors that establish reasonable compensation, reasonable rent, and reasonable loans between a closely
• held entity and its owner

Preparation

None

Notice

This is a self-study/on demand course offered by a 3rd party vendor. Course access information will be emailed directly to you by Peters Professional Education (PPE). The course expires one year from the purchase date.