Lifecycle Financial Planning: Tax Planning - Qualified Business Income Deduction

OL1387  |  On Demand Course  |  Update  |  Self-Study

Description

Even though it has been around several years, many practitioners fail to take full advantage of the QBI deduction due to its complexity and many nuances. In this course, we will discuss how to maximize the QBI deduction. We will get into the details of what QBI includes (and doesn't include), which entity structures work best for the QBI deduction, and what to do if we have negative QBI. While the QBI deduction is only one deduction on the tax return, for small business owners, it may be the largest and most important deduction that they can take!

Credits

Number of Credits Type of Credits
1.00 Taxes

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

  • State which activities are eligible for a QBI deduction and any limitations.
  • Identify planning techniques to increase the QBI deduction.
  • Recognize which entity types may increase an equity owner's QBI deduction.

Notes

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Prices

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$49.00
Non-Member (Early Bird)
$79.00
Member
$49.00
Non-Member
$79.00
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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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