Closely Held Business Taxation: Smart Strategies to Slash Taxes

Walk away with dozens of practical solutions to real tax problems and the knowledge needed to implement them. This course covers a variety of no-nonsense tax strategies that every closely held business should consider. Learn to employ specific approaches that maximize opportunities to minimize taxes for businesses and their owners. The tips and strategies presented in the course will allow you to easily and quickly identify and hone in on those tax savings strategies that fit your client's situation.

Objectives

• Recognize developing tax issues that may impact business operations
• Explore strategies relating to tax credits, depreciation, benefits, succession planning, basis calculations, insolvency and financial instability, compensation, and accounting methods
• Implement strategies to reduce the taxes imposed on closely held businesses
• Plan for the impact of business taxes on their owners

Prerequisite: None

Advanced Preparation:  None