Vermont Society of Certified Public Accountants
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Surgent's Choosing the Right Business Entity
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-
Member Price:
$99.00
Non-Member Price:
$129.00
- Date/Time:
- Jan 14, 2025, 10:00am–12:00pm
- Developer:
- SURGENT MCCOY SELF-STUDY CPE, LLC
- CPE Credits:
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Taxes: 2.00
- Fields of Study:
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Taxes
- Level:
- Intermediate
The business structure a client chooses influences virtually every tax and financial issue associated with the business, including the business's day-to-day operations, its tax liability, how much of the owners' personal assets are at risk, and much more. For this and many other reasons, it is critical that a client choose a business structure that gives the right balance of legal protections and tax benefits.
From a tax perspective, in terms of selecting an entity to do business in, the universe shifted with the Tax Cuts and Jobs Act enacted at the end of 2017. The tax rate for C corporations was lowered to 21% and the 199A deduction offered pass-through entities the chance to significantly lower the rate at which they are taxed. But how do all these options work and which option is best for which business? Those questions are at the heart of this webinar.
In this program, we discuss whether there is a "best entity" for our clients. Tax practitioners know that re-examining choice of entity determination is at the top of the agenda for client meetings because clients continue to want reassurance that they have the most tax-efficient entity structure. This program will equip you with the knowledge and insights you need to lead those discussions.
Objective
- Help clients choose the tax entity that is most advantageous to them
Highlights
- Why businesses operate as C corporations
- Why businesses operate as pass-through entities
- Adopting C corporation status
- Why businesses choose S corporation status. Tax and business situations that impact entity selection.
Designed For
Tax practitioners seeking to understand the issues that impact choice-of-entity determinations
Prerequisite
A basic course in partnerships/LLCs, S corps, and C corps
Advanced Preparation
None