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Live Webinar

90-minute live streaming program
  • February 27
  • 1:00 - 2:30 pm EST

7 Biggest Misconceptions Business Owners Have About Their Returns

February 27

Gain a better understanding of how to properly report business activity as well as tax planning tips and budget goals while complying with the tax laws.

Whether you are starting a new business or are re-evaluating the effectiveness and efficiency of your operations, this topic is geared to provide you with tools to critically analyze 7 critical areas and how some might affect your company moving forward. Have you been called for an audit by the IRS and do not know where to start with answering questions regarding a tax return? Is your tax liability increasing when you thought income was minimum? OR do you think your only way of increasing profit is to lay-off employees? If you answered 'yes' to either of these questions, then this topic is a must. This material will help you re-think your organization structure, tax planning, budget goals and be confident in meeting the demands of Internal Revenue Service. Become a proactive employer and increase opportunities for growth while complying with the tax laws.

Learning Objectives

- You will be able to define or RE-define your business model.

- You will be able to discuss strategy with senior personnel to minimize tax liability; properly report business activity and how to legitimately have income flow from your business onto your personal tax return.

- You will be able to review operations to realistically develop a workable budget that looks at and prioritizes among other variables, number of employees, employee taxes, employee benefits and profit margins.

- You will be able to explain how to self-audit.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Organization May Not Matter?
  • Corporate
  • Partnership
  • LLC
  • Sole Proprietorship
Tax Reporting vs. Tax Budgeting
  • Income and Operating Activities
  • The Work Force
  • Employee Benefits
  • Projected Tax Liability
How to Maintain Records
  • Automated
  • Manual
  • Workflow and Record Accountability
Profit vs. Losses –Losses Rule??
  • Do You Have a Business or a Hobby?
  • Are You Audit Material?
  • Records and Applicability
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Live Webinar Registration

  • CPE 1.8 including Specialized Knowledge 1.8
     
  • Lorman Education Services 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 web site: https://www.nasbaregistry.org/cpas/complaints. For more information regarding administrative policies such as complaint and refund, please contact our offices at 866-352-9539. CPE Credit: Maximum Credit Hours: 1.8 each session (based on a 50 minute credit hour). You must attend at least 50 minutes to obtain credit. Field of Study: Specialized Knowledge for 1.8 hours. Prerequisite: . Level of Knowledge: Intermediate. Teaching Method: Seminar/Lecture. Advance Preparation: None. Delivery Method: Group Internet Based. Please refer to the information in this brochure for outline, course content and objectives. Upon completion of this course, you will receive a certificate of attendance. Final approval of a course for CPE credit belongs with each state's regulatory board. Please note: In order to receive CPE credit for this course you MUST use the streaming audio option, as well as enable and complete the required progress checks.
     
  • Lorman Business Center, Inc. is a registered provider for CPA CPE through the State Education Department of New York, Sponsor number: 000640. The following course will carry the subject area of Specialized Knowledge and Applications for 1.5 hours.
     
  • Lorman Business Center, Inc. has registered with the Texas State Board of Public Accountancy as a CPE Sponsor. This registration does not constitute an endorsement by the Board as to the quality of our CPE Program. This program qualifies for 1.8 hours of continuing professional education.
     

Who should attend?

This live webinar is designed for accountants, presidents, vice presidents, business owners and managers, finance directors, controllers, CFOs and marketing and sales professionals.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

DeBorah L. Giles, E.A., ATP, ABA, MBA

DeBorah L. Giles, E.A., ATP, ABA, MBA

Giles and Associates

  • Founder and operating officer of Giles and Associates, a Tax Accounting firm, operating for more than twenty years
  • Giles and Associates tax planning and preparation as well as problem resolution for individuals and sole proprietors as well as small corporations, partnerships, and non-profit organizations
  • To educate on a large scale she writes a bi-annual newsletter targeted to assist clients in tax planning
  • Has also presented tax update seminars sponsored by local community organizations and has written tax articles for local newspapers: The Black Suburban Journal and the University City Review, in the Philadelphia vicinity
  • From one article written in the University City Review, a Philadelphia community newspaper, she was asked to discuss the new tax laws for that year on the local 4:00 CBS News program
  • Longstanding member of both the National Society of Accountants (NSA) and the National Association of Tax Professionals (NATP)
  • She is an Enrolled Agent licensed to practice before the Internal Revenue Service and holds current certifications of an Accredited Tax Preparer and an Accredited Business Accountant
  • M.B.A. degree in Finance, University of Pittsburgh Katz Graduate School of Business Management; B.S. degree, University of Pennsylvania- the Wharton School of Business
  • Can be contacted at 215-386-2026
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 401898
Published 2018
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