Tax Planning for Small Businesses - Tax Staff Essentials
Available for 1 year after purchase date
**OnDemand**
6.5 Credits
Member Price $159.00
Non-Member Price $195.00
Overview
Modern planning ideas and tax-saving strategies to help guide your small business clients.
Highlights
Key Topics
- The tax life of a business
- Selecting a business entity type
- Section 199A and the qualified business income deduction
- Accounting methods
- Compensation of owners and hiring family members
- Reasonable compensation
- Depreciation, including Section 179 and bonus depreciation
- Transactions with owners
- Buy-sell and noncompete agreements
- SECURE 2.0
- Retirement plan strategies for late-stage business owners
- Starter 401(k) plans and SIMPLE plan enhancements
Prerequisites
Working knowledge of business taxation
Designed For
Who Will Benefit
Tax professionals with small-business clients
Objectives
Learning Outcomes
- 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.
- Differentiate the advantages available for small businesses based on entity type.
- Apply the four tiers of business losses for noncorporate taxpayers.
- Analyze which activities of a taxpayer are subject to self-employment taxes.
Non-Member Price $195.00
Member Price $159.00