2011 Small Business Tax Workshops - Information & Registration

Quickly update your professional tax knowledge and skills at Back to Basics Small Business Tax Workshops held during July and August in Arizona, Illinois and Wisconsin.

All tax professionals and business owners (CPA's, EA's, Accountants, Attorneys, Insurance Agents, Financial Planners, Tax Return Preparers, and Business Owners) will benefit from attending one or both of these informative tax workshops.  Using relevant law, real world examples, and instructive course materials, you will receive practical tax tips and practice advice.

In many cases, you will also earn valuable continuing education / CPE / CE credits

 

Scroll Down or Click Here for Summer Tax Workshop Agenda and Click Here for All Locations & Dates

This summer's cities include Phoenix and Tucscon, AZ; Northbrook, IL, and Brookfield, Eau Claire, Green Bay, Madison, Oshkosh, Racine and Wausau WI.*

*Please Note: If you are looking for a Tax Seminar in the Fall, or in other cities and States (including Illinois & Texas cities), check out our Fall Tax Seminar agenda. Dates, locations and details for both the Summer Small Business Tax Workshops and Fall Income Tax Seminars can be found by by clicking right here - Locations and Dates.

For the Summer Small Business Tax Workshops, brief agendas of Day 1 and Day 2 are below (you can attend just one day or both).

Regardless of your tax experience level, and whether you are a CPA, a small business owner, an accountant, tax attorney, EA, insurance agent, or any type of income tax professional or returns preparer, Back to Basics' Small Business Tax Workshops will get you up to date quickly and enhance your knowledge - all while you earn continuing education credits!

Find a location near you in Arizona, Illinois, Texas or Wisconsin and Register for a Small Business Tax Workshop or Income Tax Seminar today!

View All Locations & Dates  -  Fall Tax Seminars  -  Online Tax Webinars

AGENDA SUMMARY FOR THE 2011 SMALL BUSINESS TAX WORKSHOP:

2011 Back To Basics - Small Business Tax Workshop

This course will provide a review of new tax laws, court cases, IRS rulings, and other business developments, and examines their impact on businesses, investments and retirement plans. Complete with a discussion of strategic planning opportunities for each area with your business clients.

Schedule C: From beginning to end. Topics to include start-up expenses, operation costs, income splitting with family members, renting real estate to yourself, operating as a single member LLC, commuting vs. business mileage, office-in-the-home, hobby loss rules, and selling a Schedule C business. Forms covered will include Schedule C & D, 4797 and 8594.

Other Business Topics: • Recent Business Developments • Retained Worker Business Credit • Small Business Health Care Tax Credit • Meals and Entertainment • Retirement Savings for Small Businesses •

Objectives: Upon completion of this course you will be able to:
- Compute the deduction and/or amortization of start-up expenses for a business.
- Calculate the new hire retention credit for a qualified employee.
- Determine how to compute a deduction for a home office on Form 8829.
- Analyze the tax benefits of a qualified retirement plan.
- How to report the sale of a business asset on Form 4797.

PAST SBTW AGENDA - 2010 SUMMER TAX WORKSHOP AGENDA
Summer Workshop - Small Business Tax Workshop - Day 1
This course will provide a review of new tax laws, court cases, IRS rulings, and other business developments, helpful for advising clients on the most suitable choice of entity for their business goals and needs. Complete with a discussion of both tax and non-tax issues, completed forms, and examples for most topics. S Corporations Built-in-gains tax • Calculate the shareholder’s basis • Related Party Rules • Abusive Shareholder Payroll • Distributions – when are they taxable? How to elect S Corporation Status • Limits on Deducting Losses • Expenses Paid by Owner • Charitable Contributions • Allocation of Income and Deductions

Other Business Topics • Recent Business Developments • Office-in-the-Home • Business Travel and Per Diem Allowance • Meals and Entertainment • Employee vs. Independent Contractor • Business Valuations • Buy Sell Agreements

Objectives: Upon completion of this course you will be able to:

•   Identify when an S Corporation may have an issue with built-in-gains.
•   Calculate the tax basis for an S corporation shareholder.
•   Determine how to compute a deduction for a home office on Form 8829.
•   Identify the traditional distinctions between employees and independent contractors.
•   Identify the per diem rates available for business travel.

Summer Workshop - Small Business Tax Workshop - Day 2

C Corporations • IRC §351 Tax-Free Incorporation • Accumulated Earnings Tax • Constructive Dividends • Personal Holding Corporation • Payroll vs. Dividend Worksheet • Compensation • Business Operation

C Corporation Liquidations • Final Corporate tax return – Form 1120 • Tax treatment for the Corporation and the Shareholder(s) • Reporting to Shareholder(s) on Form 1099-DIV • IRC §1244 Loss Limitations • Other Business Topics • Employer provided Fringe Benefits • Archer MSA • HSAs • HRAs • Section 179 Deduction • Depreciation – Repair vs. Improvement • Unclaimed Depreciation and How to claim on Form 3115

Cost Segregation (Wisconsin Only) - This section is designed to develop a basic understanding of cost segregation as well as touch upon several topics that may affect the cost segregation application. The material will review the history and the benefits of cost segregation, as well as how and when a commercial property owner may take advantage of a cost segregation application. Course participants will also gain an understanding of passive loss rules, depreciation recapture and the economic stimulus package, as they relate to cost segregation.

Arizona Business Tax Issues (Arizona Only) - An overview of various Arizona state tax issues to include: Arizona Transaction Privilege Tax, TPT-1 reporting, penalties and due dates. This section will also cover the new withholding tables, exemption certificates (including the military spouse certificate), reduced withholding for tax credits, and extension forms for filing and paying Arizona Withholding. Plus, Audrey will discuss how to write the Arizona DOR or the League of Cities and Towns for written advice, as well as the hearing process.

Objectives: Upon completion of this course you will be able to:

• Identify the requirements to form a C corporation under Code Sec. §351.
• Liquidate a C corporation and complete a final C corporation tax return (Form 1120).
• Identify the requirements and annual limits for a Health Savings Account (HAS).
• Determine the loss limitations for qualified stock under Code Sec. 1244.
• Understand how to elect and revoke the Section 179 deduction.
• Complete Form 3115 to deduct previously unclaimed depreciation.