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

Publication Date: July 2020

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

Topics Covered

• Medical and Insurance Benefits
• Health Savings Arrangements
• Flexible Spending Account ” FSA
• Adoption Benefits
• Employer”Provided Childcare Facilities Credit
• Employer Credit for Paid Family and Medical Leave
• Work Opportunity Tax Credit
• Life Insurance
• Education
• Employee Leasing
• Tax Deferred Retirement Plans
• Your Home: A Tax”Free Strategy

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
• Recognize correct statements regarding HSAs
• Describe how Group-Term Life insurance applies
• Differentiate retirement plans can be open and funded until the due date of the return, including extensions
• Identify which conditions will qualify the employee for Family and Medical Leave "FMLA"
• Identify which fringe benefits you may be entitled to when you own your business
• Describe true statements regarding claiming Qualified Adoption Credit

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None