Exploring Client Advisory Services - Entity Types
OL1235 | On Demand Course | Update | Self-Study
Description
One of the first things that you need to do when you start a business is pick out an entity type. However, the type of entity that you choose can have a significant impact on your tax situation. Self-employment taxes, the QBI deduction, and other factors need to be considered. In this course, we will explore the basic tax implications of choosing various entity types. We will discuss the differences between flowthrough and standalone entity types, including both tax and practical considerations - all so you can make the best decision possible for your business!
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Objectives
- Identify the basic tax characteristics of flow-through and standalone entities
- Recall the calculation of self-employment taxes
- Recognize how a taxpayer may benefit from the QBI deduction (Sec 199A)
Notes
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Prices
- Member (Early Bird)
- $49.00
- Non-Member (Early Bird)
- $79.00
- Member
- $49.00
- Non-Member
- $79.00
Instructors
David Peters
David Peters is the founder and owner of Peters Tax Preparation & Consulting in Richmond, VA, as well as a financial advisor for Peters Financial, LLC. He has over 15 years of experience in financial services, including three years in the hedge fund industry and six years in the insurance industry.
David was the first-ever Chief Financial Officer at Compare.com – a position he held for over three years. He is a national CPE instructor/discussion leader for the AICPA, Kaplan, and Surgent, and he was a recipient of Surgent's Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, financial planning, and ethics throughout the United States. He is the advisor for business and industry topics for the South Carolina Association of CPAs and was a recipient of The American College of Financial Services' 2019 NextGen Financial Services Professional Award.
He holds four master's degrees and is currently pursuing his Ph.D. in financial planning. He contributes regularly to various CPA publications, including NCACPA's Interim Report, SCACPA's CPA Report, and VSCPA's Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPAs licensed in the Commonwealth of Virginia. Registered Representative offering securities through Cetera Advisor Networks LLC, member FINRA/SIPC. Advisory services offered through Carroll Financial Associates, Inc., a Registered Investment Adviser. Carroll Financial and Cetera Advisor Networks, LLC are under separate ownership and are not affiliated with any other named entity.
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