CPAs and Advisors with Your Growth in Mind

Tax Reform and Choice of Business Entity

changes, opportunities, and costs for all businesses. With these changes comes the need to stop and evaluate the form of entity for your business (partnership, S corporation, C corporation). Is a pass-through entity still the right choice? Should the company convert to C corporation? What about combining related business activities that are currently operating in separate entities – or separating activities that are currently operating within one entity? Does the double tax on C corporation distributions still matter?

Overview of the Partnership Audit Rules

In 2015, significant changes were introduced into law that direct the IRS to audit partnership returns differently. The goal is efficient and effective application of tax law; the impact to partnerships and partners is complicated and perhaps costly. The new audit regime begins in 2018. This course is an overview of the new law and current regulations for those that need an introduction and those that need a refresher.

An Executive Overview of ASUs Issued in 2017

The FASB was not as prolific in 2017 as they have in the past. However, there are quite a few ASUs that were issued in 2017 that we should be aware of in order to implement them effectively and efficiently. This course will review each ASU issued in 2017 at a high level so that you can identify which ASUs will have an impact on your entity.

Disaster Relief Work Credit

The Disaster Relief Act that President Trump recently signed into law gives a tax credit (up to $6,000 in some cases) to employers whose businesses became inoperable after Hurricanes Harvey, Irma and Maria – and who continued to pay employees anyway.