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

Author: Eva Rosenberg

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. This course will explain why you need a business plan, how to set up a basic plan, what to take into account in your plan – and how often to review it and update it.

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