Self-Study

**CANCELLED** Tax Planning for Small Businesses

Solid tax planning strategies are essential for your corporate and small business clients. In this CPE course you will explore state-of-the-art tax 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 legislation.

Objectives

  • Identify important tax considerations for the small business at each stage of its life
  • Differentiate entity type options available for small businesses
  • Choose a tax-saving retirement plan that best suits a small business
  • Select an appropriate strategy for compliance with the Affordable Care Act employer provisions
  • Select the appropriate taxes to withhold when hiring family members
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner
  • Differentiate the various ways in which LLC owners may be subject to self-employment taxes
  • Analyze educational assistance provided to employees to determine whether it qualifies as a working condition fringe benefit
  • Identify the characteristics that establish economic substance for a loan transaction between a business and its owner
  • Choose the correct tax treatment for a covenant not to compete that is entered into in connection with the acquisition of a business interest
  • 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
  • Determine the tax consequences of divorce-related transfers of business interests

Highlights

  • Starting a Business
  • Retirement Plans
  • Affordable Care Act
  • Owner Compensation
  • Transactions with Owners
  • Recent Developments - PATH Act of 2015

Additional Information

Designed For

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

Vendor

American Institute of CPAs

Field of Study

Taxes

Course Number

17AIS0156

Level of Knowledge

Intermediate

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