Shortcuts to Tax Cuts: Business Tax Planning Scorps & LLCs [TCBU Fbx]
Time: 8-4
Subject:
TaxationCredit Hours:
8.00Price:
Member: $295.00
Non-member: $445.00
Discussion Leader:
Susan Smith, CPA
more info
Susan Smith manages her own firm specializing in tax planning for individuals and business owners and is also a frequent speaker at tax conferences. Smith was a Senior Manager in the tax departments of Price Waterhouse and Peat Marwick (the predecessor of KPMG). While at Price Waterhouse, she also held the national specialist designation for the real estate and partnership tax practices. During her time at Peat Marwick, Smith led the real estate and tax practices locally. She was an associate adjunct professor at Widener University in the master’s taxation program. Her ratings have consistently exceeded 4.8 on a scale of 5.0. Smith is a four-time recipient of the James L. McCoy Discussion Leader of the Year Award for excellence in teaching. And in 2015, 2016, and 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Smith earned her Bachelor of Business Administration degree with an accounting concentration, from the University of Toledo.
closeWebsite registration for this course closes on September 24, 2015. To register after this date please contact the society at akcpa@ak.net or 907-562-4334.
Full Description
Shortcuts to Tax Cuts: Business Tax Planning Strategies for SCorporations and LLCsSeptember 25, 2015
Westmark Fairbanks Hotel
Fairbanks, AK
LATE REGISTRATION POLICY
For registrations received less than 21 days from the course date will be charged a late fee of $50 for each 8 hour course and $25 for each 4 hour course.
Business clients seek practical solutions to their tax issues, and this course provides advisors with effective tax planning strategies for the closely-held business. Providing sound advice will be a money maker both for clients and your firm.
Major Topics:
Hiring family members: income splitting and shifting
Maximizing depreciation deductions and applying the new capitalization and repair regulations
Taking full advantage of fringe benefits: what is available
Fringe benefit plans how they play a larger role in getting to a lower taxable income; what choices should you consider?
Medical benefits: long-term care, HSAs, cafeteria plans, COBRA compliance, disability
Health care reform: what it means to employers
Maximizing retirement benefits
Pension plans are they now more valuable, and what are the best options? Are 401(k) plans not as good, and could defined benefit plans make a comeback?
Deferred compensation
C corporations: are they qualified personal service corporations?
Compensation planning with potential increases of our clients Social Security taxes, what can we do to lessen the burden?
Basis planning: at-risk and passive considerations
Structuring the buy-sell agreement
Why businesses need life insurance
Related party transactions: making them work
Travel and entertainment
End-of-year W-2 adjustment worksheets: HI, auto, group-term life
Methods of accounting: when do you use accrual instead of cash? When can you use cash?
Learning Objectives:
Understand what strategies and techniques are most appropriate for businesses in dealing with employee-related issues
Understand how to structure buy-sell agreements
Understand how to incorporate family members into a business & avoid problems in dealing with related parties
Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies
CPE Credits: 8, Tax
Level of Knowledge: Intermediate
Prerequisite: Experience with business clients
Acronym: TCBU
Discussion Leader: Susan Smith, CPA
