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Tax Planning for Your Small Business

  • ITEM SKU
    7700
  • CPE Hours
    6
  • Full Course Price
    $59.50
Exam Questions: 30
Course Level: Basic
Pages: 154 | Content: 144, Supplemental: 10
NASBA Area of Study: Taxes
Not Acceptable for: N/A
Version: 7700F

This course offers strategies for a variety of small business tax planning needs. It will serve as an excellent resource for planning strategies that can help you run a tax-smart business all year long. It will provide guidance on opening or closing a business, running a sideline activity and succession planning. You'll be able to visualize how your business actions today can affect your bottom line from a tax perspective tomorrow. All course material provided. No prerequisites. Course level: Basic.

EA Program Approval Number: ZX34G-T-00561-23-S

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Course Information

Table of Contents
  • Income and Deduction Strategies
  • Distributions from Your Business
  • Tax Strategies for Opening or Closing a Business
  • Tax Strategies for a Sideline Business
  • Tax Strategies for Multiple Businesses
  • Alternative Minimum Tax
  • Other Taxes
  • Filing Tax Returns, Paying Taxes, and Making Refund Claims
  • Retirement and Succession Planning
  • Handling Audits with the IRS
Objectives
  • To identify beneficial income and deduction strategies
  • To recall the account used by S corporations to keep tabs on undistributed amounts that were taxed to shareholders
  • To identify workable strategies when opening or closing a business
  • To identify tax strategies when running a side business
  • To identify helpful strategies when running more than one business
  • To recognize the nuances of the alternative minimum tax
  • To recognize the specifics of FICA, employment taxes and more
  • To identify the nuances of estimated taxes, electronic filing, and extensions
  • To identify strategies for retirement and succession planning
  • To identify the various types of audits

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.