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

8.00 CPE Credit Hours

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.

Designed For
CPAs looking for innovative tax planning and savings techniques to solve client problems

Objective

• 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

Highlights

• 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 Non compete agreements
• Exiting the business - special exit techniques

Prerequisites
Basic knowledge of business taxation

Advanced Preparation
None

Developer
AICPA

Presenters
Steven Wagner,

Level of Knowledge
Intermediate