Small Business Taxes Made Easy: Owners’ Fringe Benefits, Retirement, and Tax Deferment (Completed)

Date: Tuesday, July 21, 2020
Instructor: Eva Rosenberg
Begin Time:  12:00pm Pacific Time
1:00pm Mountain Time
2:00pm Central Time
3:00pm Eastern Time
CPE Credit:  2 hours for CPAs
2 hours Federal Tax Related for EAs and OTRPs
2 hours Federal Tax Law for CTEC

Join the class to learn how to set up or improve your business during this COVID19 time in the world. This course is based on the tips and tools discussed in TaxMama’s latest book, Small Business Taxes Made Easy. There are some terrific benefits to owning your own business. But, whether or not you can tap into them depends on the structure of the business. This course outlines the benefits available to the owners of various business entities – proprietorships, partnerships, corporations and S corporations.

While not required, having a copy of the textbook Small Business Taxes Made Easy, 4th Edition is beneficial.

Who Should Attend
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

  • Things that can be reimbursed by the business
  • Fringe benefits — for each entity
  • Education benefits
  • Education benefits
  • Medical and insurance benefits
  • Understanding employee vs employer contribution plans
    • IRAs and IRA plans, like SEPs and SIMPLEs
    • 401(k)s and defined benefit plans
  • More tax deferment opportunities
  • Comparison charts of tax breaks
  • A totally tax-free wealth building opportunity
  • What the business can still do to get tax breaks after the tax year ends
  • Benefits resources

Learning Objectives

  • Identify the details about which fringe benefits are available to owners of each business entity — and whether it's worthwhile changing entities to get better tax breaks


Instructional Method
Group: Internet-based

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites

Advance Preparation

 Chat — Books Support