
Tax Planning for Small Businesses - Tax Staff Essentials
Modern planning ideas and tax-saving strategies to help guide your small business clients.
Format
Webcast
Date
Oct 27, 2025
NASBA Field of Study
Taxes
Level
Intermediate
CPE Credits
4
Instructor
William F. Murphy
Availability
Product Number
VTSETPSC251027
Tax planning strategies for now and then
Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients?
Course materials are updated for the latest legislation and IRS guidance. They provide the information needed to answer tough questions and show you the best strategies for your clients.
Materials are updated for the following tax changes:
- Required minimum distribution (RMD) requirements
- 529-to-Roth IRA and 529-to-ABLE rollover availability
- Increased SIMPLE plan catch-up contribution limits
- The Starter 401(k) plan for small businesses
Meet the needs of small businesses at every stage
Even though the materials focus on taxes, taxes are only one of many considerations a small business owner must make when forming a new entity.
The course covers common small business matters at different stages in the business lifecycle:
- Growth stage
- Maturity stage
- Late-maturity stage
- Decline stage
Content for all entity types
What do you need to do to form a sole proprietorship, partnership, or other type of entity? As we address this question, you will consider the nuances of each entity structure.
Key Topics
- Starting a business — the tax life of a business
- Selecting a business entity type
- SECURE Act 1.0 and 2.0
- Section 199A and the qualified business income deduction
- Accounting methods
- Compensation of owners — hiring family members
- Reasonable compensation
- Depreciation, Section 179 and bonus depreciation
- Transactions with owners
- Buy-sell and noncompete agreements
- Exiting the business — special exit techniques
Learning Outcomes
- Identify important tax considerations for the small business at each stage of its life.
- Calculate the qualified business income (QBI) deduction, built-in gains (BIG) tax, and the deduction for organizational costs and start-up costs.
- Differentiate the advantages available for small businesses based on entity type.
- Apply the four tiers of business losses for noncorporate taxpayers.
- Analyze which activities of a taxpayer are subject to self-employment taxes.
Who Will Benefit
- Tax professionals with small-business clients
Group ordering for your team
2 to 5 registrants
Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.
Start order6+ registrants
We can help with group discounts. Email client.support@aicpa-cima.com
US customers call 1-800-634-6780 (option 1)
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