2024 Mid-Year Business Tax Update

Overview

This course is essential for the tax practitioner who wants to update their knowledge of business income taxation so that the practitioner can provide solid planning advice to their clients prior to year-end. This course will provide a comprehensive review of business issues for the current tax year. Included will be a thorough review of all Internal Revenue Code changes made by year-to-date. In addition, this course will instruct the participant as to where to expect potential changes to be made by the current administration.

Highlights

• Major changes to legislation
• Start-up and organizational expenses
• Employing a family member
• Health insurance issues
• Business use of home
• Profit motive
• Marijuana issues
• Depreciation issues
• Cryptocurrency
• Employee vs. Independent Contractor issues
• Meals and entertainment
• Vehicle issues
• Real estate issues
• Section 199A issues
• Compensation issues
• Retirement plan issues
• Penalties

Prerequisites

None

Designed For

CPAs, EAs, attorneys, financial planners, insurance agents, and bankers

Objectives

At the end of this course the participants will be able to:

• To discuss major changes to the Internal Revenue Code created by legislation
• To list ideas as to how to create and/or update their client's business so that they are prepared for the upcoming tax season.

Notice

All materials will be available to download in advance and participants will receive an email two days prior to the course date. Materials will also be posted in the “My CPE” section of the NESCPA website.