November 29, 2023


Live Webcast


4 Total CPE Credits

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Four for Fall Seminar Series: Tax Planning for Small Businesses

  • Instructor

    David
    Peters

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.

• Recognize how depreciation may be used in business tax planning.

• Calculate basis for partnerships and S corporations.

• Choose the correct tax treatment for fringe benefits granted to
partners and S corporation shareholders.

• Compare IRS concerns regarding reasonable compensation for an S
corporation owner versus a C corporation owner.

• Recall the tax treatment of contributions to a business entity by new
investors.

• Recognize the tax treatment of distributions to small business
owners.

• Analyze a client’s need for a buy-sell agreement.

• 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 — choice of entity and the tax life of a business

• Selecting a business entity type

• Section 199A and the Qualified Business Income deduction

• Accounting Methods

• Self-employment taxes and entity type

• Reasonable compensation issues

• Depreciation, Section 179, and bonus depreciation planning
considerations

• Retirement planning

• Buy-Sell and Noncompete agreements

• Tax considerations when selling a business

• Partnership hot assets and other look-through provisions

CPE Credits Available

4
Total CPE
4
Taxes

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Practioners
  • Tax
  • Taxation

Prerequisites

Basic knowledge of business
taxation

Advanced Preparation

None

Intended Audience

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

Provider

AICPA

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