Description

Will you be the bearer of good or bad tidings for your clients? This fast-paced, information-packed course shows you how to keep more profits in the pockets of your corporate and small business clients and their owners! It showcases state-of-the-art planning ideas and tax-saving devices employed by the savviest practitioners. Top-notch AICPA presenters read between the lines of new developments to wring every last drop of tax benefits that make you a hero to your clients.

Approved for 8 hours Kansas CLE.

Highlights

• Lots of business tax changes in recent legislation
• C corporation moves to avoid potentially higher individual tax rates
• Managing Section 1231 losses and gains for optimal tax results
• Perfect storm for loans from corporations to shareholders
• Choice of entity options for small businesses
• Update on passive loss rules for LLC members
• Minimizing SE tax for LLC members
• Husband-wife businesses: tax-saving strategies especially for them
• New 100% gain exclusion for qualified small business corporation stock
• When to switch from C Corporation to S Corporation status (or not)
• Fringe benefit planning for partners and S corporation shareholder-employees
• Small business retirement plan opportunities
• Update on reasonable compensation for C and S corporation shareholder-employees
• Advantages of including debt in corporate capital structures
• Converting corporation into LLC or LLP: tax implications
• Claiming the new credit for employee health insurance costs
• Ownership exit strategies including family corporations and divorce situations

Objectives

Upon completion of this course, participants will be able to:
• Solve the unique tax problems affecting small businesses
• Identify savings opportunities and pinpoint tax traps
• Substantially cut your small business clients’ tax bills