What tax planning strategies will you provide for your corporate and small business clients? This course explores state-of-the-art planning ideas and tax-saving strategies to keep more of your clients’ money in their pockets. Updated for the latest legislation and IRS guidance on tax reform, this course answers the tough questions and show you what strategies are best for your clients as a result of the most recent tax legislation.
Starting a business-the tax life of a business. Selecting a business entity type. The Tax Cuts and Jobs Act. Section 199A and the Qualified Business Income deduction. Accounting Methods. Compensation of owners-hiring family members. Reasonable Compensation Depreciation. Section 179. and bonus depreciation. Transactions with owners. Buy-Sell and Noncompete agreements. Exiting the business-special exit techniques c 2019 Association of International Certified Professional Accountants. Unauthorized Copying Prohibited
Basic knowledge of business taxation
Identify important tax considerations for the small business at each stage of its life. Differentiate entity type options available for small businesses. Calculate the Qualified Business Income deduction under Section 199A. Identify the pros and cons choosing an entity type after passage of the Tax Cuts and Jobs Act Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders. Choose the most effective strategy for depreciation of business tangible property. Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner. Apply tax knowledge to help create an efficient and effective estate plan for a client. Analyze a client’s need for a buy-sell agreement. Select a tax accounting method that is appropriate for a particular business. Recognize tax issues involved in the exit of a shareholder from a corporation. Select among ways to dispose of or liquidate a business in a tax-efficient manner.
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Brian Gosline’s primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chairman of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 340,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He is an adjunct professor of federal taxation and business law at the Gonzaga University School of Business.
Non-Member Price $349.00
Member Price $249.00