Tax Planning for Small Businesses - Tax Staff Essentials
4.00 Credits
Member Price $213
Non-Member Price $261
Overview
Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients? Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients We use a case-study approach 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, including the SECURE 2.0 Act, and IRS guidance.
Highlights
Prerequisites
Basic knowledge of business taxation
Designed For
Tax professionals with smallbusiness 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.
- Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders.
- Recall the tax implications of contributions by new investors to a corporation and partnership.
- Identify the benefits and structures of buy-sell agreements for small business owners.
Leader(s):
Leader Bios
William Murphy, AICPA
William F. Murphy, CPA/PFS, ABV, CFF, CVA, is the owner of Murphy Financial Group, P.C., a firm that provides tax consulting and financial planning services to corporations and professional practices in Indiana. He also provides consultation services on tax and financial planning issues to various news and publishing organizations on current tax law changes occurring within federal and state government.
Non-Member Price $261
Member Price $213