10 Most Expensive Tax Mistakes That Cost Business Owners Thousands
| Faculty: | Guy McPhail |
| Production Date: | July 26 2012 |
| Knowledge Level: | Basic |
| Prerequisites: | None |
Description
As an accountant, one of your duties is to advise your clients to avoid making improper financial decisions. Join Accountant Guy McPhail as he discusses the 10 most expensive mistakes business owners make and how you should advise them. Mr. McPhail begins by discussing basic tips such as the advantages of planning, auditing correctly, and choosing the correct business formation. Next, he discusses certain techniques to save money such as utilizing family members as employees and maximizing your medical benefits. Finally, Mr. McPhail concludes by demonstrating how you can maximize your client’s savings through home offices and company cars.
Learning Objectives:
I. Understanding the Advantages of Planning
II. Utilizing the Value of Auditing
III. Choosing the Correct Business Structure
IV. Understand Different Retirement Plans
V. Utilizing Family Employment
VI. Understanding Medical Benefits
VII. How to Utilize your Home Office
VIII. How to Correctly Utilize Tax breaks on Cars and Trucks
IX. How to Correctly Utilize Tax Breaks on Meals and Entertainment
X. Define a Tax Coaching Service
Instructional Method: Self-Study
FurtherEd is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: http://www.learningmarket.org
User Reviews
Jenna (Astoria, NY)
Excellent - helpful for both assisting clients and running your own practice/business.
Susan (Deer Park, NY)
excellent
Marie (Mountlake Terrace, WA)
very good speaker - especially considering the topic!
Edward (New York, NY)
informative
Barbara (Ponte Vedra Beach, FL)
relatively good
Karen (White Plains, NY)
very good.
Mary (Hicksville, NY)
Excellent course!
Anthony (Rensselaer, NY)
Overall very good course for time spent. Good tips for year around tax service - Thanks
Eileen (Seattle, WA)
It's a dry subject area, but I like doing it as an hour CLE. The instructor was incredibly knowledgeable and understandable.
Price: $40.00
Purchase Course (For CE Credit)Earn CE Credits
General Credits
| State | Credits |
|---|---|
| CFP | 2.00 |
| CPE | 2.00 |
| EA | 1.00 |
| NJ | 1.00 |
| NY | 1.00 |
| RTRP | 1.00 |
Course ( Free )