Join our expert-led course, presented by Doug Stives, CPA, MBA, designed specifically for tax preparers looking to deepen their understanding of business entity selection and its tax implications. Equip yourself with the knowledge to provide top-notch advice on business entity selection, ensuring your clients achieve maximum tax benefits while avoiding common pitfalls. Learn how to guide your clients in choosing the optimal business structure, from C and S corporations to LLCs, partnerships, and sole proprietorships.
Learning Outcomes:
- Master techniques to safeguard personal assets through the strategic selection of business entities.
- Analyze the conditions under which a business should opt for corporate status and strategies to minimize double taxation.
- Gain a deep understanding of the benefits and optimal use of LLCs.
- Evaluate and compare tax deductions available to various business structures, maximizing client savings.
- Enhance your proficiency in applying the Qualified Business Income Deduction to benefit your clients.
- Learn how the Self-Employment Tax impacts different entities and how S corporations can be used to mitigate its effects.
- Understand the Hobby Loss regulations to help clients avoid costly mistakes.
- Recognize the potential hidden costs in selling a business and how they vary by entity type.
This Course Counts for 2 Hours of Federal Tax Law for IRS Continuing Education.
About Doug Stives:
Doug Stives is considered a worldwide leader in public and management accounting by AICPA &CIMA. He is a CPA, MBA, and a recently retired professor of Accounting at Monmouth University and a professional speaker at many organizations and conferences. Doug was honored as Monmouth's Outstanding Business Professor of the Year in 2009, 2016, and 2024 and was awarded an Outstanding Educator award in 2021 by the New Jersey Society of CPAs. Frequent media exposure includes The Wall Street Journal and other national publications and television, including CNN, CNBC, PBS, NBC, Fox, CBS, ABC, and several cable networks. Doug was once dubbed as the "Most Tax Efficient Man in America" by the Wall Street Journal.
