Practical Planning Boot Camp: S Corporations and LLCs (TCBU19)
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Business clients seek practical solutions to their tax issues, and this course provides advisors with effective tax planning strategies for the closely held business. Include in your advisory attaché case ammunition which will assist businesses in dealing with employee-related issues, depreciation, related parties, buy-sell agreements, fringe benefits, and so on. Providing sound advice will be a money maker both for clients and your firm.

 Export to Your Calendar 9/27/2019
When: September 27, 2019
8:30 AM until 4:30 PM
Where: LCPA - Training Facility
2400 Veterans Memorial Blvd
Suite 500
Kenner, Louisiana  70062
United States
Presenter: Mike Frost


Online registration is available until: 9/27/2019
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Acronym TCBU19
CPE 8 hours
Vendor Surgent
Category
Taxation
Level Intermediate
Yellow Book? No
Registration Early Bird Standard
Members* $315 $365
CPA Non-Members $415 $465
The Early Bird rate is good through 9/12.

*The member rate applies to LCPA members, other state CPA society members, and non-CPA staff of LCPA members. To register online, use the ‘Register’ button above. To register by phone, call the LCPA Member Service Center at 800.288.5272 or 504.464.1040, Monday through Friday, 8am to 5pm.

Texas CPAs: Our Texas State Board of Public Accountancy Sponsor number is #010423.

Course Description
Business clients seek practical solutions to their tax issues, and this course provides advisors with effective tax planning strategies for the closely held business. Include in your advisory attaché case ammunition which will assist businesses in dealing with employee-related issues, depreciation, related parties, buy-sell agreements, fringe benefits, and so on. Providing sound advice will be a money maker both for clients and your firm.

Objectives

  • Understand what strategies and techniques are most appropriate for businesses in dealing with employee-related issues
  • Detailed discussion of finer points regarding a multitude of topics, which business and tax planners utilize to assist & advise clients

Major Topics

  • Current year standards, baselines, and general business issues, including recently passed legislation
  • Lower tax rates, the cost of operating as a C corporation has gone down
  • The Qualified Business Income deduction, will this offset lower C corp rates?
  • Personal Service Corporation planning is reversed, the disincentive of a higher tax rate is gone, yet the incentive of cash basis remains
  • Are your clients taking full advantage? The broad inventory of fringe benefit possibilities
  • What happened to the DOL Overtime rule?
  • Grammar police and the $5 million comma
  • Strong passwords and advanced mathematics
  • Medical benefits: Long-term care, HSAs, cafeteria plans, COBRA compliance, disability
  • Planning an auto purchase? Comparing vehicle depreciation over the first four years
  • Maximizing retirement benefits
  • Pension plans -- Are they now more valuable, and what are the best options? Are 401(k) plans not as good, and could defined benefit plans make a comeback?
  • The Light Brigade failed due to poor instructions, let us follow the right path in basis calculations
  • Hiring family members: Several benefits in addition to income splitting and shifting
  • Basis triad review
  • Utilizing buy-sell agreements
  • Employing life insurance in business
  • Related-party transactions: Making them work
  • Expounding travel and entertainment
  • Shortening of depreciation schedules due to tax friendly safe-harbors

Designed For: All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies

Prerequisite: Experience with business clients