This course 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 course answers the tough questions and shows you which strategies are best for your clients.
Major 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
