Top Business Tax Planning Strategies Webcast [BTPS]

Subject:

Nov 12, 2024
Time: 08:30am-10:20am
Taxation

Credit Hours:

2.00

Price:

Member: $120.00
Non-member: $250.00

Discussion Leader:

Donald B. Cooley, CPA

Donald B. Cooley, CPA is a partner in the accounting firm of Parfitt, Cooley & Associates. He has over 30 years of public accounting experience, specializing in tax planning, succession planning, and management advisory for closely held businesses and individuals. His work experience includes time with local and Big Four accounting firms. He is an adjunct faculty member at Ohio University and has presented a variety of tax topics for Surgent throughout the United States over the past decade. From 2015 to 2020, he received the Surgent Outstanding Discussion Leader Award because of his consistently high evaluations for knowledge and presentation skills. Mr. Cooley graduated from Ohio University with a degree in accounting.

Full Description

Top Business Tax Planning Strategies Webcast (BTPS)

November 12th, 2024 / 8:30 am 10:20 am

Live Webcast / Zoom

Tax planning for 2024 is largely based upon legislation contained within the Inflation Reduction Act and the SECURE Act 2.0, both enacted in 2022, that offer new planning options and challenges for businesses in 2024. There are, however, other business tax changes in 2024 that result from different pieces of tax legislation, IRS pronouncements, and court cases that need to be taken into account from a planning perspective. This program analyzes the new opportunities and challenges that these tax changes offer to businesses and their owners that impact 2024 and sometimes later years.

Major Topics:
- Complying with the beneficial ownership information reporting requirements
- The current status of the Employee Retention Credit Voluntary Disclosure Program
- Using the newly expanded access to business tax accounts for partners and shareholders of S corporations
- IRS guidance allowing car dealers to provide electric vehicle tax rebates upfront to qualified auto buyers
- Monetizing energy credits
- Amortization of research and experimental expenditures
- Dealing with the taxpayer loss in the Tax Court in Soroban Capital Partners requiring managers to pay self-employment tax on certain payments to limited partners
- Contributions to Roth catch-up plans
- Roth contributions to a SEP and Simple IRA
- Employer matching contributions to a Roth account
- Section 179 and bonus depreciation
- Roth 401(k) contributions no longer subject to RMDs during the owners lifetime

Learning Objectives:
- Advise business owner clients on adopting tax planning strategies that would reduce their tax liability for 2024

Designed For: Accounting and auditing practitioners at all levels utilizing GAAP financial statements

CPE Credits: 2, Taxation

Level of Knowledge: Basic

Prerequisite: A basic understanding of the tax rules relating to individual income tax

Acronym: BTPS

Discussion Leader: Donald B. Cooley, CPA