Webinar: Going Out on Your Own: Entity Types and Accounting Methods

WS1062  |  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
Your Price: $99.00

This is your base price and does not reflect any additional session fees, optional add-ons, or guest registrations.