Description
Clients want help with present and future business services. Which tax planning strategies will you provide for your corporate and small business clients?
Updated with the latest legislation and IRS guidance on tax reform, this course answers the tough questions and shows you what strategies are best for your clients. We use a case-study approach to explore opportunities for businesses and how the tax practitioner can continue to add value for their clients. Discussions will include traditional and new planning opportunities due to the latest tax legislation, including
SECURE 2.0 and related regulations, as well as IRS guidance.
- Qualifies for IRS CE
This event is part of ISCPA's 2025 Tax School - Level 2. This 3-day experience includes 4 complete courses and covers key areas that will expand the depth and breadth of your staff's tax knowledge and ensure they have the confidence and skills to work with greater independence and to expand their roles.
Designed For
Objectives
When you complete this course, you will be able to:
- 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.
- Analyze which activities of a taxpayer are subject to self-employment taxes
Highlights
- 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
Advanced Prep
- Manual
- If you did not purchase a printed manual, download it from your upcoming events in "My CPE" on website, and bring it with you
- If you did purchase a printed manual and would also like an electronic copy be sure to download it
If you need this reported to the IRS for CE credit, email CPE@idcpa.org
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Leaders
Brian Gosline
Brian Gosline, CPA, JD Spokane, WA
2015 AICPA OUTSTANDING DISCUSSION LEADER AWARD RECPIENT
BRIAN G. GOSLINE's primary practice is in individual, corporate, partnership and estate and gift taxation and planning as well as valuations. Mr. Gosline received his B.B.A. and J.D. degrees from Gonzaga University in Spokane. He is a member of the Washington State Bar Association and Spokane County Bar Association. Mr. Gosline is a C.P.A. and is a Past President of the Washington Society of Certified Public Accountants and formerly served on the Board of Directors and as Chair of numerous WSCPA Committees. He was also a member of Council of the American Institute of Certified Public Accountants, the governing body of the 412,000 member AICPA. Mr. Gosline was President of the Gonzaga University Alumni Board of Directors and a member of the Gonzaga University Board of Regents. He has served as an officer and member of numerous boards of financial institutions, non-profit and charitable organizations and is a Past President of Spokane South Little League. He has spoken before various groups on corporate and individual tax matters as well as estate and gift taxation and has written numerous articles for national and local publications involving various issues of income, estate and gift tax planning. He was named an Outstanding Discussion Leader by the AICPA for 2015. Since 1990, he has been an adjunct professor of federal taxation and business law at the Gonzaga University Graduate School of Business where he was named MACC Faculty of the Year for 2010-2011.