Elevate your expertise with our in-depth course led by Doug Stives, CPA, MBA. This course delves into the complexities of business entity selection, equipping you with the essential knowledge to provide your clients with informed advice that maximizes their tax benefits. You'll explore the critical aspects of choosing the right business structure, from C and S corporations to LLCs, partnerships, and sole proprietorships.
Key Learning Objectives:
- Explore strategies to protect personal assets by selecting the appropriate business entity.
- Delve into the specifics of when to establish a business as a corporation and how to avoid the pitfalls of double taxation.
- Uncover the advantages of LLCs and learn how to leverage them effectively.
- Compare tax deductions across different business entities and master the art of maximizing write-offs.
- Optimize the use of the Qualified Business Income Deduction to enhance your clients' tax savings.
- Gain a thorough understanding of the Self-Employment Tax and the role S corporations play in reducing these costs.
- Learn to navigate the Hobby Loss rules to help clients avoid common financial errors.
- Identify and mitigate hidden costs associated with selling a business based on its structure.
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.
