Vermont Society of Certified Public Accountants
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Surgent's Choosing the Right Business Entity On-Demand Webcast

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Member Price: $89.00
Non-Member Price: $119.00

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Developer:
SURGENT MCCOY SELF-STUDY CPE, LLC
CPE Credits:
Taxes: 2.00
Fields of Study:
Taxes
Level:
Intermediate
The business structure a client chooses influences virtually everything: day-to-day operations, taxes, how much of their personal assets are at risk, and more. For this and many other reasons, it is critical that a client choose a business structure that gives the right balance of legal protections and benefits.

From a tax perspective, in terms of selecting an entity to do business in, the universe shifted with the Tax Cuts and Jobs Act enacted at the end of 2017. The tax rate for C corporations was lowered to 21% and the 199A deduction offered pass-through entities the chance to significantly lower the rate at which they are taxed. But how do all these options work and which option is best for what business? Those questions are at the heart of this webinar.

In this program, we discuss whether there is a "best entity" for our clients. We all know that re-examining choice of entity determination is at the top of the agenda for client meetings during and after the 2022 tax season because clients continue to want reassurance that they have the most tax-efficient entity. This program will equip you with the knowledge and insights you need to lead those discussions.

Objective

  • Help clients choose the tax entity that is most advantageous to them in 2022

Highlights

  • Why businesses operate as C corporations
  • Why businesses operate as pass-through entities
  • Converting to a C corporation in 2022
  • How and why to adopt S corporation status
  • Tax and business situations that impact entity selection

Designed For

Tax practitioners seeking to understand the issues that impact choice-of-entity determinations for 2022

Prerequisite

A basic course in partnerships/LLCs, S corps, and C corps

Advanced Preparation

None
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