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Tax Planning for Small Businesses – Tax Staff Essentials (4 hours)

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4.0 Credits

Member Price $225.00

Non-Member Price $269.00

Overview

Modern planning ideas and tax-saving strategies to help guide your small business clients.

Highlights

  • Starting a business - the tax life of a business
  • Selecting a business entity type
  • SECURE Act 1.0 and 2.0
  • 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

    Prerequisites

    Working knowledge of business taxation

    Designed For

  • Tax professionals with small-business clients

    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.
    • Differentiate the advantages available for small businesses based on entity type.
    • Apply the four tiers of business losses for noncorporate taxpayers.
    • Analyze which activities of a taxpayer are subject to self-employment taxes.

    Notice

    “Adding to Calendar” does not register you for this event. Please either register online by clicking “Add to Cart” or contacting OSCPA at 503-641-7200 / 800-255-1470, ext. 3. Thank you!

  • Non-Member Price $269.00

    Member Price $225.00