October 23, 2024


Live Webcast


4 CPE

Tax Planning for Small Businesses

October 23, 2024
Live Webcast
4 CPE

Tax Planning for Small Businesses

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    Instructor

    Greg
    Carnes

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Learning Objectives

• 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.
• Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders.
• Recall the tax implications of contributions by new investors to a corporation and partnership.
• Identify the benefits and structures of buy-sell agreements for small business owners.

Major Topics

• Starting a business — the tax life of a business
• Selecting a business entity type
• Section 199A and the Qualified Business Income deduction
• Accounting methods
• 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 CPE
4
Taxes

Things to Know About This Course

Course Level

  • Advanced

Professional Area of Focus

  • Pracitioner
  • Pracitioner's
  • Pracitioners
  • 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

This event has ended.