Webinar: Going Out on Your Own: Entity Types and Accounting Methods
WS155 | Course | Overview | Scheduled
Description
Starting a business is tough! There are lots of decisions to be made and things to think about. You may feel like you have a great idea. You have done
Credits
| Number of Credits | Type of Credits |
|---|---|
| 2.00 | Taxes |
Designed For
Small business owners, CPAs, and financial advisors who want to understand the advantages and disadvantages of different entity types and accounting methods
Prerequisites
None
Highlights
- Financial planning pyramid
- What to consider when picking an entity
- Single member LLC vs. sole proprietorship
- Corporations – S vs. C
- Double taxation
Objectives
- Identify differences in how business entity types are taxed for income tax purposes
- Recognize how personal financial planning for a business owner is related to financial planning for a flow-through entity business
- Identify how S-Corporations are taxed for self-employment tax purposes
- Recognize double-taxation and when it applies
- Identify when a transaction should be recorded on the accounting records under the cash method
- Recognize when income is recognized and an expense must be accrued on the accounting records under the accrual method
- Identify what account should not appear on the financial records if the accrual method is being used
Preparation
None
Notes
This webinar is provided by Surgent. After registering for the course, you will receive an email from Surgent with instructions for logging in to the webinar and obtaining your eMaterials.
You may confirm that your computer meets the minimum requirements by visiting: https://www.surgentcpe.com/webinartest/.
Prices
- Member (Early Bird)
- $99.00
- Non-Member (Early Bird)
- $99.00
- Member
- $99.00
- Non-Member
- $99.00