For CPAs and CPEs: The Home-Based Business Guide: Planning a Business, Choosing an Entity, IRS Approved Tax Deductions
Location: Governors State University
Day: Wednesday, January 14, 2015
Time: 1pm - 4pm
Presenter: Laura Burke EA, CFE, MBA & MS MIS (SP2015)
Choosing the right entity for your business
Description: Helping your clients choose the right entity for their new business; are they a sole proprietor? Have you discussed with them the potential benefits of incorporating their business, becoming a partnership, or even a look at being classified as an LLC? In the state of Illinois we allowed LLC Series, which may be an excellent choice for your tax clients that own investment properties.
Find out how you can assist your clients in understanding the differences, the benefits and the drawbacks of each. This class will elevate your knowledge and prepare you to assist your clients in making informed choices and decisions. This session is for you, whether you start business entities for your clients or refer them to a law firm, you will benefit by having this knowledge to share with your clients.
The Home-Based Business Guide: Planning a Business, Choosing an Entity, IRS Approved Tax Deductions
Description: Many people have contemplated starting their own home-based business but never do because they are unsure of what steps to take, the correct process and just how to go about it. It can be an overwhelming project without the right guidance, but with the proper strategies it can be simplified and the process made easier.
We look at the advantages and disadvantageous of owning a home-based business. Discover the inside information your clients need when starting a home-based business. Failure to plan can cost them serious money and headaches in the future. Planning reduces financial risk. Help them to plan properly for success!
During this three hour session we will discuss the early stages of planning, marketing and how to help your clients grow their business. Most importantly we will take a closer look at the benefits of tax planning; such as taking advantage of all deductions your clients are legally entitled to claim. We will briefly review the new rules for the IRS simplified deduction method for the business use of your home.
For more information:
For CPAs and CPEs: Home-Based Business Guide: Planning a Business, Choosing an Entity, IRS Approved Tax Deductions Homepage.
Continuing Education Credits Available: 3.0 CPEs
Course Number: CE-BUS07-01
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