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Instructor
David R. Peters, CPA, CFP, CLU, CPCU, MST, MBA
Founder & Owner, Peters Professional Education
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA, and is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for Surgent, Kaplan, the AICPA and Don Farmer Tax Courses. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States.
He holds four master’s degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the Virginia CPA Ethics course in 2018, 2019 and 2020 – a required course for all CPAs licensed in the Commonwealth of Virginia.
Education
Certifications
Activities & Associations
This course identifies tax planning strategies for small business clients throughout the different life cycles of the business. We will use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning
opportunities as a result of the latest tax legislation and IRS guidance.
• 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.
• 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
Basic knowledge of business
taxation
CPAs looking for innovative tax
planning and savings techniques
to solve client problems