August 21, 2018


City of Pelham Pelham Civic Complex

8 Total CPE Credits


Practical Planning Boot Camp: S Corporations and LLCs

  • Instructor

    Michael Frost

Learning Objectives

  • Understand what strategies and techniques are most appropriate for businesses in dealing with employee-related issues
  • Detailed discussion of finer points regarding a multitude of topics, which business and tax planners utilize to assist & advise clients

Major Topics

  • Current year standards, baselines, and general business issues, including recently passed and or proposed legislation
  • Are your clients taking full advantage? The broad inventory of fringe benefit possibilities
  • Strong passwords and advanced mathematics
  • Medical benefits: Long-term care, HSAs, cafeteria plans, COBRA compliance, disability
  • Comparing vehicle depreciation over first 4 years for auto buying
  • Maximizing retirement benefits
  • Pension plans -- Are they now more valuable, and what are the best options? Are 401(k) plans not as good, and could defined benefit plans make a comeback?
  • The Light Brigade failed due to poor instructions, let us follow the right path in basis calculations
  • Hiring family members: Several benefits in addition to income splitting and shifting
  • C corporations: Are they qualified personal service corporations?
  • Is cash basis accounting for service corporations in jeopardy?
  • Basis triad review
  • Utilizing buy-sell agreements
  • Employing life insurance in business
  • Related-party transactions: Making them work
  • Expounding travel and entertainment
  • Methods of accounting: When do you use accrual instead of cash? When can you use cash?
  • Shortened depreciation schedules due to tax friendly safe-harbors

CPE Credits Available

Total CPE

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax


Experience with business clients

Advanced Preparation


Intended Audience

All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies


Surgent McCoy CPE

This event has ended.