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. Webcast materials include the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) tax reform law
Learning Objectives
Identify important tax considerations for the small business at each stage of its life
Differentiate entity type options available for small businesses
Calculate the Qualified Business Income deduction under Section 199A
Identify the pros and cons choosing an entity type after passage of the Tax Cuts and Jobs Act
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
Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner
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. – Select a tax accounting method that is appropriate for a business
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
Major Topics
Starting a business—the tax life of a business
Selecting a business entity type
The Tax Cuts and Jobs Act
Section 199A and the Qualified Business Income deduction
