AICPA logo
AICPA logo
  • Home
Tax Planning for Small Businesses

Tax Planning for Small Businesses

Answer the tough questions and understand what strategies are best for your clients as a result of the most recent tax legislation.

$179 - $219
Do you have an AICPA membership? Log in to apply your member discount.




Jan 28, 2022

NASBA Field of Study




CPE Credits



David Randall Peters


3 months

Product Number


 Part of Webcast Pass
 Business & partner 
Product Details

What Tax Planning Strategies Will You Provide for Your Corporate and Small Business Clients?

Explore state-of-the-art planning ideas and tax-saving strategies to keep more of your clients’ money in their pockets. Updated for the latest legislation and IRS guidance on tax reform, this webcast answers the tough questions and shows you what strategies are best for your clients as a result of the most recent tax legislation.

Key Topics

  • Starting a business — the tax life of a business
  • Selecting a business entity type
  • The Tax Cuts and Jobs Act
  • Section 199A and the Qualified Business Income deduction
  • Accounting methods
  • Compensation of owners — hiring family members
  • Reasonable compensation
  • Depreciation, Section 179 and bonus depreciation
  • Transactions with owners
  • Buy-sell and noncompete agreements
  • Exiting the business — special exit techniques

Learning Outcomes

  • Identify important tax considerations for small businesses at each stage of its life
  • Differentiate entity type options available for small businesses
  • Calculate the Qualified Business Income deduction under Section 199A
  • Identify the pros and cons of choosing an entity type after passage of the Tax Cuts and Jobs Act
  • Choose the correct tax treatment for fringe benefits granted to partners and S corporation shareholders
  • Choose the most effective strategy for depreciation of business tangible property
  • Compare IRS concerns regarding reasonable compensation for an S corporation owner versus a C corporation owner
  • Apply tax knowledge to help create an efficient and effective estate plan for a client
  • Analyze a client’s need for a buy-sell agreement
  • Select the appropriate tax accounting method for a particular business
  • Recognize tax issues involved in the exit of a shareholder from a corporation
  • Select among ways to dispose of or liquidate a business in a tax-efficient manner

Who Will Benefit

  • CPAs looking for innovative tax planning and savings techniques to solve client's problems
Credit Info
CPE Credits
NASBA Field of Study
Basic knowledge of business taxation
This is a digital product. With full paid access the content will be available to you for 3 months after purchase date.
4 hrs
Do you have an AICPA membership? Log in to apply your member discount.
AICPA Members

Group ordering for your team

2 to 5 registrants

Save time with our group order form. We’ll send a consolidated invoice to keep your learning expenses organized.

Start order

6+ registrants

We can help with group discounts. Call us at 1-800-634-6780 (option 1) or email us at

Contact us
David Randall Peters
David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fifteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Kaplan, and Surgent, and was a recipient of Surgent’s Outstanding Discussion Leader award for 2019. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He is the advisor for Business & Industry topics for the SC Association of CPA’s and was a recipient of The American College’s 2019 NextGen Financial Services Professional Award. He holds four Masters degrees, including a Masters of Science in Taxation from the University of Illinois. He contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018, 2019, and 2020 versions of the Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.

The Association is dedicated to removing barriers to the accountancy profession and ensuring that all accountancy professionals and other members of the public with an interest in the profession or joining the profession, including those with disabilities, have access to the profession and the Association's website, educational materials, products, and services.The Association is committed to making professional learning accessible to all product users. This commitment is maintained in accordance with applicable law. For additional information, please refer to the Association's Website Accessibility Policy. As part of this commitment, this product is closed-captioned. For additional accommodation requests please contact and indicate the product that you are interested in (title, etc.) and the requested accommodation(s): Audio/Visual/Other. A member of our team will be in contact with you promptly to make sure we meet your needs appropriately.

Ratings and reviews

Cancellation Policy
View our Cancellation policy here
Tax Planning for Small Businesses
Jan 28, 2022
Select from the following options:
Jan 28, 2022
2pm6pm GMT
Nonmember Price
Price excluding sales tax
Do you have an AICPA membership? 
Log in to apply your member discount.
Shipping cost and sales tax will be added later during checkout

Related content