Hot Tax Topics for Small Business Clients  

Upon successful completion of this course, the user should be able to:

• determine how to maximize available tax breaks including from the QBI deduction, from hiring family members, from deducting business meal and entertainment expenses, and from favorable depreciation provisions;

• identify how to take advantage of qualified small business corporations, Section 1231 gains and losses, PAL material participation rules, strategies to manage federal payroll taxes, and fringe benefit tax rules;

• recognize C corporation tax strategies including setting reasonable compensation levels for shareholder-employees of closely held C corporations; and

• evaluate tax benefits from including debt in C corporation capital structure.