This course gives the practitioner a detailed look at tax issues that affect the most popular type of business in the United States - the small business. The course begins by providing an overview of the many entity options available to small businesses today, from the traditional sole proprietorship to the C corporation. The course then provides detailed discussion on important issues such as filing and paying business taxes, accounting periods and methods, and general business tax credits. A detailed discussion is provided on the types of expenses that can be deducted by a business, as well as an important chapter on maintaining business records. This course is essential for any practitioner advising small business clients, whether they are a sole proprietor, a partnership, limited liability company, or a corporation. All course material provided. No prerequisites. Course level: Basic.
EA Program Approval Number: ZX34G-T-00540-23-S
PLEASE NOTE: CPE credit measurement is based on NASBA Registry and QAS guidelines of one credit for every 50 minutes. Credit calculation may vary in different states — check with your State Board of Accountancy. Unless otherwise noted in the specific course description, no advanced preparation is required in order to register or complete any PES CPE course. Use of materials or services provided by Professional Education Services, LP ("PES") are governed by the Terms and Conditions stated on PES' website www.mypescpe.com. PES provides these courses with the understanding that it is not providing any accounting, legal, or other professional advice and assumes no liability whatsoever in connection with its use. PES has used diligent efforts to provide quality information and material to its customers, but does not warrant or guarantee the accuracy, timeliness, completeness, or currency of the information contained herein. Ultimately, the responsibility to comply with applicable legal requirements falls solely upon the individual licensee, not PES. PES encourages you to contact your state Board for the latest information and to confirm or clarify any questions or concerns you have regarding your duties or obligations as a licensed professional.