Exploring Client Advisory Services - Business Income Tax Basics
OL1372 | On Demand Course | Update | Self-Study
Description
The Internal Revenue Code is just a different world! While most business school graduates learn basic GAAP or IFRS accounting principles, the tax world feels very foreign - because so many rules are different. For example, how do you depreciate assets if we don't estimate their useful lives? Also, when do we need to file a tax return for a flow-through entity if they don't actually pay any taxes? And when are estimated tax payments required? In this course, we will be exploring some basic principles for filing and paying business income taxes. If you are new practitioner or someone who is going out on your own for the first-time, and you find yourself intimidated by all of the income tax rules and compliance, we have you covered!
Credits
| Number of Credits | Type of Credits |
|---|---|
| 1.00 | Accounting |
Highlights
- Defining Capital & Capital Structure Theories
- Calculating Weighted Average Cost of Capital (WACC)
- Cost of Common Equity
- Cost of Debt
- Cost of Preferred Equity
- Importance of WACC
Objectives
- Identify the main types of accounting methods that may be used on an income tax return.
- State when a taxpayer must make estimated tax payments.
- Recognize expenses that have special tax treatment.
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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