Live Stream: Tax Planning for Small Businesses
406 | Livestream | Intermediate | Scheduled
Description
Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients? Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients. We use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities as a result of the latest tax legislation, including the SECURE 2.0 Act, and IRS guidance.
Credits
| Number of Credits | Type of Credits |
|---|---|
| 4.00 | Taxes |
| 3.33 | CLE |
Designed For
CPAs looking for innovative tax planning and savings techniques to solve client problems
Prerequisites
Basic knowledge of business taxation
Highlights
- Starting a business - the tax life of a business
- Selecting a business entity type
- Section 199A and the qualified business income deduction
- Accounting methods
- Reasonable compensation issues
- Depreciation, Section 179 and bonus depreciation planning considerations
- Retirement planning
- Buy-sell and noncompete agreements
- Tax considerations when selling a business
- Partnership hot assets and other look-through provisions
Objectives
When you complete this course, you will be able to:
- 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.
- Recall the tax treatment of fringe benefits granted to partners and S corporation shareholders.
- Recall the tax implications of contributions by new investors to a corporation and partnership.
- Identify the benefits and structures of buy-sell agreements for small business owners.
Prices
- Member (Early Bird)
- $179.00
- Non-Member (Early Bird)
- $229.00
- Member
- $179.00
- Non-Member
- $229.00
Instructors
Deborah Phillips
Deborah A. Phillips, CPA, MST, operates her own tax controversy practice where she specializes in partnership and S corporation tax law as well as IRS audits and procedures.
Debbie has been very successful petitioning and resolving tax issues under the jurisdiction of the United State Tax Court. She is proficient in the Section 199A provisions and computations as well as all aspects of the Tax Cuts and Jobs Act of 2017. She works with various CPA firms during tax season preparing all types of tax returns.
In addition, she utilizes her forensic accounting skills for tax preparation of clients involved in potential IRS criminal prosecution.
Debbie retired from the Large Business and International Division (LB&I) of the Internal Revenue Service (IRS), where she was a Senior Manager in the Flow Through Issue Practice Group (IPG). The IPG specializes in S corporation and partnership tax issues for LB&I.
Debbie worked for the IRS for over 32 years. She has extensive accounting and taxation knowledge of individual, corporate, and partnership federal tax returns. She was the Operations and Technical Assistant to the Deputy Commission International, the Technical Assistant to the Director of PFTG, a Territory Manager in the Retail, Food and Pharmaceuticals Industry, a Team Manager in the Heavy Manufacturing Industry, and the IRC Section 263A Technical Advisor.
Debbie taught graduate and undergraduate courses in accounting and taxation as an adjunct faculty member at Delaware State University, Wilmington College, and Goldey-Beacom College. She has been a seminar presenter for approximately 20 years as well as a textbook author.
In 2015 through 2018, she received the Surgent Outstanding Discussion Leader Award because of her consistently high evaluations for knowledge and presentation skills. Debbie earned her master's degree in taxation from Widener University.
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