CPE Self-Study

Tax Planning for Small Businesses - Tax Staff Essentials

  • $89.00-$109.00
    Tax Planning for Small Businesses - Tax Staff Essentials Availability : Online Access Product #: 158302
    AICPA Member: $89.00
    Non-Member: $109.00
  • Contact Sales
    Contact a representative for group pricing or on-site training opportunities. 800.634.6780 (Option 1) | Contact Us Product #: GT-TSE.TPSC

Save when you buy the complete Tax Staff Essentials, Level 4 online bundle.

Solid tax planning strategies are essential for your corporate and small business clients. This CPE course explores state-of-the-art planning ideas and tax-saving strategies to keep more of your clients' money in their pockets. Updated for Tax Reform, this course answers the tough questions and show you what strategies are best for your clients as a result of the most recent tax legislation.

Learning Objectives

  • Identify important tax considerations for the small business at each stage of its life.
  • Differentiate entity type options available for small businesses.
  • Identify timing of taxable income strategies that may work for your small business clients.
  • Analyze whether a taxpayer may claim the domestic production activities deduction (DPAD).
  • Choose a tax-saving retirement plan that best suits a small business.
  • Select an appropriate strategy for compliance with the Affordable Care Act employer provisions.
  • Select the appropriate taxes to withhold when hiring family members.
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner.
  • Differentiate the various ways in which LLC owners may be subject to self-employment taxes.
  • Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders.
  • Analyze educational assistance provided to employees to determine whether it qualifies as a working condition fringe benefit.
  • Apply the tangible property regulations to client situations.
  • Choose the most effective strategy for depreciation of business tangible property.
  • Calculate allowable depreciation for a business use vehicle.
  • Identify opportunities for timing of IRC Section 1231 losses.
  • Identify the characteristics that establish economic substance for a loan transaction between a business and its owner.
  • Choose the correct tax treatment for a covenant not to compete that is entered in connection with the acquisition of a business interest.
  • Apply tax knowledge to help create an efficient and effective estate plan for a client.
  • Analyze a client's need for a buy-sell agreement.
  • Determine the tax consequences of divorce-related transfers of business interests.
  • Identify recent developments affecting the taxation of small businesses and their owners.

Key Topics

  • The tax life of a business
  • Retirement plans
  • Owner compensation
  • Transactions with owners
  • Tangible property–Depreciation and accelerated write-off methods
  • Recent developments
  • Proposed regulations

Who Will Benefit?

  • CPAs looking for innovative tax planning and savings techniques to solve client problems


Tax Section Members Receive Additional Savings!

When you log into this website with your AICPA member user account, the section/credential discount will be automatically applied during checkout. Should you have any questions or encounter any issues, please contact the AICPA Service Center at 888-777-7077 or service@aicpa.org.

Find out more information on the Tax Section.

System Requirements

About the Authors

Margaret F. Suralik, CPA/ABV, ASA

Sheboygan, Wisconsin

Margaret Suralik is a CPA with over 30 years experience working with business and individual clients. She has served as an officer and board member for nonprofit organizations and professional associations. In additional to her professional experience, Margaret has taught undergraduate and graduate level courses in accounting and finance at Marquette University and the London School of Economics.

Margaret holds a B.S. in Accounting from Rutgers University, a MSc in Accounting & Finance from the London School of Economics and a MS in Taxation from Seton Hall University.

About the Publisher

American Institute of CPAs

The American Institute of CPAs (AICPA) is the world’s largest member association representing the CPA profession, with more than 418,000 members in 143 countries, and a history of serving the public interest since 1887. AICPA members represent many areas of practice, including business and industry, public practice, government, education and consulting.

The AICPA sets ethical standards for the profession and U.S. auditing standards for private companies, nonprofit organizations, federal, state and local governments. It develops and grades the Uniform CPA Examination, and offers specialized credentials for qualified professionals who concentrate on personal financial planning; forensic accounting; business valuation; and information management and technology assurance. With The Chartered Institute of Management Accountants (CIMA), it offers the Chartered Global Management Accountant (CGMA) designation, which sets the global benchmark for quality and recognition in management accounting.

The AICPA and CIMA also make up the Association of International Certified Professional Accountants (the Association), which represents public and management accounting globally, advocating on behalf the public interest and advancing the quality, competency and employability of CPAs, CGMAs and other accounting and finance professionals worldwide.

The AICPA maintains offices in New York, Washington, DC, Durham, NC, and Ewing, NJ.