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Tax Planning for Small Businesses
Tax
Webcast

Tax Planning for Small Businesses

This webcast answers the tough questions and helps you understand what strategies are best for your clients as a result of the most recent tax legislation.

$179 - $219
Do you have an AICPA membership? Log in to apply your member discount.
46656305-6110-4E90-B13F-627B274DF603Created with sketchtool.Included in Webcast Pass

Format

Webcast

Date

Nov 24, 2020

NASBA Field of Study

Taxes

Level

Intermediate

CPE Credits

4

Author(s)

Deborah A. Phillips

Availability

Learning Outcomes
  • 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 share-holders
  • 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 particular 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
Key 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
  • Accounting Methods
  • Compensation of owners' hiring family members
  • Reasonable Compensation
  • Depreciation, Section 179, and bonus depreciation
  • Transactions with owners
  • Buy-Sell and Noncompete agreements
  • Exiting the business—special exit techniques
Product Details

This webcast is part of the Tax Staff Essentials program

What tax planning strategies will you provide for your corporate and small business clients?

This webcast explores state-of-the-art planning ideas and tax-saving strategies to keep more of your clients' money in their pockets.

Updated for the latest legislation and IRS guidance on tax reform, this webcast answers the tough questions and shows you what strategies are best for your clients as a result of the most recent tax legislation.

Who Will Benefit
  • CPAs looking for innovative tax planning and savings techniques to solve client problems
Pricing
Do you have an AICPA membership? Log in to apply your member discount.
Nonmembers
$219.00
AICPA Members
$179.00

Looking for group pricing?

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at salessupport@aicpa.org

Contact us
Credit Info
CPE Credits
4
NASBA Field of Study
Taxes
Level
Intermediate
Prerequisites
Basic knowledge of business taxation
Access
This is a live event. You will have access on the date/time of broadcast and the archive for 3 months after the broadcast date.
Duration
4 hrs
Speakers
Deborah A. Phillips
CPA, MST
Deborah A. Phillips, CPA, MST, operates her own tax controversy practice where she specializes in partnership and S Corporation tax law as well as IRS audits and procedures. Debbie, retired from the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS) where she was a Senior Manager in the Flow Through Issue Practice Group (IPG). The IPG specializes in S corporation and partnership tax issues for LB&I. Debbie worked for the IRS for over 31 years ago and she has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations and Technical Assistant to the Deputy Commission International, the Technical Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry and the IRC Section 263A Technical Advisor. Debbie taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for over 17 years as well as a text book author. Debbie earned her master's degree in taxation from Widener University.
Accessibility

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact adaaccessibility@aicpa-cima.com and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Tax Planning for Small Businesses
Nov 24, 2020
Select from the following options:
Nov 24, 2020
3:30pm7:30pm GMT
Dec 23, 2020
6pm10pm GMT
Nonmember Price
$219.00
Price excluding sales tax
$219.00
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

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