August 22, 2019


In-Person

Alabama Society of CPAs
1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056


8 Total CPE Credits

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Practical Planning Boot Camp: S Corporations and LLCs

  • Instructor

    Pamela Davis-Vaughn

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 legislation
  • Lower tax rates, the cost of operating as a C corporation has gone down
  • The Qualified Business Income deduction, will this offset lower C corp rates?
  • Personal Service Corporation planning is reversed, the disincentive of a higher tax rate is gone, yet the incentive of cash basis remains
  • Are your clients taking full advantage? The broad inventory of fringe benefit possibilities
  • What happened to the DOL Overtime rule?
  • Grammar police and the $5 million comma
  • Strong passwords and advanced mathematics
  • Medical benefits: Long-term care, HSAs, cafeteria plans, COBRA compliance, disability
  • Planning an auto purchase? Comparing vehicle depreciation over the first four years
  • 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
  • Basis triad review
  • Utilizing buy-sell agreements
  • Employing life insurance in business
  • Related-party transactions: Making them work
  • Expounding travel and entertainment
  • Shortening of depreciation schedules due to tax friendly safe-harbors

CPE Credits Available

8
Total CPE
8
Taxes

Alabama Society of CPAs

1041 Longfield Ct, Montgomery, Montgomery County, Alabama 36117-8056

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Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Tax

Prerequisites

Experience with business clients

Advanced Preparation

None

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

Provider

Surgent McCoy CPE

This event has ended.