Practical Planning Bootcamp: S Corps and LLCs

See what strategies and techniques are most appropriate for businesses in dealing with employee-related issues. Discuss the finer points of topics that businesses and tax planners use to assist and advise clients.
Highlights

• Current year standards, baselines, and general business issues, including recently passed or proposed legislation
• The broad inventory of fringe benefit possibilities
• Strong passwords and advanced mathematics
• Medical benefits: long-term care, HSAs, cafeteria plans, COBRA compliance, disability
• Comparing vehicle depreciation years
• Maximizing retirement benefits
• Pension plans
• 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
• Using buy-sell agreements
• Life insurance* 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?
• Shortened depreciation schedules due to tax-friendly safe-harbors