[WEB] Mid-Year Tax Update: Planning for Businesses

Description

LINK AND INSTRUCTIONS TO COME FROM HSCPA ONE DAY PRIOR TO SESSION

This course is designed for tax practitioners seeking to update their knowledge of business income taxation and provide timely, effective tax planning advice to clients before year-end. Participants will receive an extensive review of key business tax issues for the current tax year, including that latest updates to the Internal Revenue Code (IRC). Additionally, the course will explore expected tax changes under the current administration, preparing practitioners to advise clients on how these developments might impact their business operations.

With a focus on practical planning strategies, this course will equip tax professionals with the tools they need to address business tax concerns such as employee classification, depreciation, and compensation. Participants will learn how to help clients make informed decisions that maximize tax benefits and ensure compliance with evolving tax laws. 

Highlights

Legislative changes affecting business tax planning

Depreciation, start-up expenses, and profit motive issues

Employee classification, compensation, and benefits

Business use of home, vehicle, and meals/entertainment deductions

Cryptocurrency and marijuana-related tax concerns

Section 199A and penalties related to business operations

Objectives

At the end of this course the participant will be able to:

• Discuss major changes to the Internal Revenue Code due to recent business tax legislation.
• Identify tax planning strategies to optimize client's business operations under current tax laws.
• Analyze potential business tax changes from the current administration.
• Advise clients on employee classification, compensation, and retirement plan issues.
• Explain business-specific tax matters like depreciation, start-up expenses, and home office deductions.
• Advise clients in handling penalties, health insurance issues, and business use of vehicles. 

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers