Innovative Tax Tips for Small Businesses (111202)
REGISTRATION STATUS:
Online registrations are closed for this event. We can take your registration over the phone at 800-782-2036.
Description:
Will you be the bearer of good or bad tidings for your clients This fast-paced, information-packed course shows you how to keep more profits in the pockets of corporate and small business clients and their owners! It showcases state-of-the-art planning ideas and tax-saving devices employed by the savviest practitioners. Top-notch AICPA presenters read between the lines of new developments to wring every last drop of tax benefits that make you a hero to your clients.
Objectives:
Upon completion of this course, participants will be able to: Solve the unique tax problems affecting small businesses Identify savings opportunities and pinpoint tax traps Substantially cut your small business clients' tax bills
Major Topics:
- Lots of tax law changes
- Minimizing SE tax for LLC members
- Choice of entity options for small businesses
- When to switch from C Corporation to S Corporation (or not)
- Start-up issues
- Small business retirement plan opportunities
- Business exit strategies that save taxes, including family limited partnerships (FLPs) and family limited liability companies (FLLCs)
- Corporate planning moves to make before individual tax rates go up
- Temporary election to defer cancellation of debt (COD) income
- Husband-wife businesses: tax-saving strategies especially for them
- Using Odisregarded entitiesO to defeat unfavorable rules for business expansion expenses
- New 75% gain exclusion for qualified small business corporation stock
- Fringe benefit planning for partners and S Corporation shareholder-employees
Who Should Attend:
* CPAs looking for innovative tax planning and savings techniques to solve client problems
Prerequisite:
Basic knowledge of corporate income taxation
Advanced preparation:
None
