Students will gain a basic understanding of general business income tax issues, a better understanding of managing the process, and a general understanding of tax reduction planning.
This workshop will cover:
- Basic entity choices, and the main taxation differences between
them
- Handling income, and why the income side of taxation is more
important than the expense side
- Payroll, guaranteed payments, and how this is handled in the individual entity choices
- How dividends, distributions, and draws are handled in the
individual entity choices - Balance Sheet issues, and how balance sheet timing affects
taxation - Choosing a good tax accountant - Tax Planning
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