Innovative Tax Tips for Small Businesses (CL4TPOC)

Date: 6/16/2008
Mandan Seven Seas
Time: 12:30 PM - 4:00 PM (Please verify this time on your confirmation.)
4 CPE Hours
$125 Member
$155 Nonmember
Add $25 after 6/2/2008
Instructor: Steve Lustig

Will you be the bearer of good or bad tidings for your clients? This fast-paced, information-packed course shows you how to keep more profits in the pockets of your corporate and small business clients and their owners! It showcases state-of-the-art planning ideas and tax-saving devices employed by the savviest practitioners. Understand the unique problems affecting corporations and other small business entities, identify savings opportunities and pinpoint tax traps. Take advantage of corporate tax trends, life cycle approach tax planning and more. Top-notch AICPA presenters read between the lines of new developments to wring every last drop of tax benefits and to make you a hero to your clients.

Objectives:

• Solve the unique tax problems affecting small businesses
• Identify savings opportunities and pinpoint tax traps
• Substantially cut your small business clients’ tax bills

Major Topics:

• Newest opportunities offered by legislative and regulatory changes
• Minimizing SE tax for LLC members
• Choice of entity considerations
• When to switch from C Corporation to S Corporation
• Life cycle approach to tax planning
• Start-up issues
• Planning and “tax proofing” compensation
• Business exit strategies that save taxes, including family limited partnerships (FLPs) and family limited liability companies (FLLCs)

Designed For: CPAs looking for innovative tax planning and savings techniques to solve client problems
Level: Intermediate
Developer: AICPA
Prerequisite: Basic knowledge of corporate income taxation

About the Speaker:
Steven D. Lustig, J.D., CPA
Mr. Lustig is the founder Galapagos Financial Partners, LLC, based in Gaithersburg, Maryland and La Jolla, California, which, for businesses and individuals, specializes in Financial and Tax Planning, Budgeting, Funding Sources and Uses of Funds, Tax Strategies, Management Structure, Finance Department Operations and Human Resource issues. Mr. Lustig has lectured throughout the United States for the AICPA, ABA, CPA firms, and national and local business organizations and has authored tax material and courses in closely held business areas, estate planning and negotiating with the IRS. Mr. Lustig is the recipient of the AICPA Outstanding Discussion Leader Award in 2005 and 2006.