Small Business Taxes Made Easy: Business Plans (Currently Unavailable)

Publication Date: May 2020

Designed For
Tax practitioners at all levels regardless of tax practice and Business Owners.

Topics Covered

• Outline of a business plan
• Why you need a business plan — tax reasons
• Why you need a business plan — business reasons
• The fine line between success and failure
• How the business plan helps you select your entity
• Exit planning
• Rebalancing your business plan — how often
• Business plan resources

Learning Objectives

• Identify the best way to set up a new business for tax purposes or steps to take to improve the tax structure of an existing business
• Recognize the first five fundamental questions for a Business Plan
• Identify how to create an exit plan
• Describe best practices for re-balancing a business plan
• Recognize considerations on money spent during the start-up phase
• Describe which type of business will generate funds the quickest
• Identify factors you need to take into account to determine how much money you need to operate a new business
• Recognize non-essentials for an exit plan

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None