Small Business Taxes Made Easy: Selecting Your Business Structure (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. One of the most frequent questions that come to TaxMama® is “Should I incorporate?” There is no quickie answer. Too often businesses make the wrong decision for their business, their industry, or the tax breaks they hope to gain. This course will help you and your clients make the correct decision – or fix the wrong one.

Publication Date: May 2020

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

Topics Covered

• The TO DO Checklist
• Where you stand right now
• Decisions, Decisions, Decisions
• What Do You Want to Be When You Grow Up?
• An Overview of Certain Tax Considerations Related to Entities
• Major Issues Related to Entities
• A Brief Word About Nevada, Delaware, and Wyoming Corporations
• What About Nonprofits?
• All the Highlights in One Place
• Your Big Decision

Learning Objectives

• Recognize the pros and cons of the most common business entities to determine which one is right for your client's business or your business
• Describe business structures and how they operate
• Recognize what can be deducted on Schedule C
• Identify why it is not a good reason to set up a Nevada, Delaware, or Wyoming entity

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None