CPE Course Practical Planning Boot Camp: S Corporations and LLCs

October 30, 2018

8:30am — 4:15pm

Location Manchester

Member Price $279.00
Non-member Price $379.00

Curriculum Taxation

Field of Interest Taxation (General)

Level Intermediate

Designed For

All tax practitioners, both those working in public accounting as well as those in private industry, who are responsible for tax planning for their clients and/or companies

Objective

Business clients seek practical solutions to their tax issues, and this course provides advisors with effective tax planning strategies for the closely held business. Include in your advisory attaché case ammunition which will assist businesses in dealing with employee-related issues, depreciation, related parties, buy-sell agreements, fringe benefits, and so on. Providing sound advice will be a money maker both for clients and your firm.

Objectives:
* Understand what strategies and techniques are most appropriate for businesses in dealing with employee-related issues
* Detailed discussion of some of the finer points regarding a multitude of topics which business and tax planners utilize to assist and advise clients

Highlights

* Current year, baselines, and general business issues, including planning strategies related to 2017 tax reform
* Are your clients taking full advantage? The broad inventory of fringe benefit possibilities
* Strong passwords and advanced mathematics
* Medical benefits: Long-term care, HSAs, cafeteria plans, COBRA compliance, disability
* Planning an auto purchase? Comparing vehicle depreciation over the first four years
* Maximizing retirement benefits
* Pension plans -- Are they now more valuable, and what are the best options? Are 401(k) plans not as good, and could defined benefit plans make a comeback?
* The Light Brigade failed due to poor instructions, let us follow the right path in basis calculations
* Hiring family members: Several benefits in addition to income splitting and shifting
* C corporations: Are they qualified personal service corporations?
* Is cash basis accounting for service corporations in jeopardy?
* Basis triad review
* Utilizing buy-sell agreements
* Employing life insurance in business
* Related-party transactions: Making them work
* Expounding travel and entertainment
* Methods of accounting: When do you use accrual instead of cash? When can you use cash?
* Shortening of depreciation schedules due to tax friendly safe-harbors

Instructors

John M. Kilroy, CPA, CFP

John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.close

Prerequisites

Experience with business clients

Developer

Surgent McCoy CPE, LLC

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