Uncover 10 Hidden Tax Planning Tips for This Tax Season Webinar (2 Hours)

Overview: 

An expert practitioner will reveal how you can implement hidden tax-planning strategies today to reduce the tax bill for your company or clients. Now’s the time to become privy to these 10 lesser-known—yet essential—tips to ensure more favorable results this tax season. This insightful two-hour webinar will share ways to take advantage of available tax benefits and deductions to help minimize tax liabilities. You’ll discover the advantages of:

  • Section 199A planning
  • Switching entities to S Corporations
  • Entity structuring
  • Escaping specified service business limitations
  • IRA choices
Objective: 

To provide tax professionals with 10 hidden tax planning strategies to apply now to help minimize tax liabilities for their company or clients this tax season.

Emphasis: 
  • Available tax benefits of small businesses electing cash method of accounting
  • Depreciation changes and the benefits of cost segregation
  • Section 199A planning
    – Deferring income to result in taxable income falling below limiting thresholds
    – Benefits of switching entities to S Corporations
  • Entity structuring to allow partners to receive W-2 income
  • Grouping itemized deductions in one year to take advantage of deductions and maximize standard deduction
  • Retirement planning for small business under the Secure Tax Act of 2019
  • Analysis of business that may escape the limitations of specified service business classification
  • Inventory and construction accounting for qualified small businesses
  • IRA choices after the new law
  • Miscellaneous other perks
     
Bottom
Prerequisite: 

None.

Preparation: 

No advance preparation required.

Level of Knowledge: 

Overview.

CPE Credit: 
2.00
NASBA Field of Study: 
Taxes