What Business Entity Type Should You Select for Your Tax Practice

$25 – VASEA Members (with member discount code)
$50 – Non-Members
Package discount for all 5 webinars in this series: $150 VASEA Members / $250 Non-Members
(Join VASEA for $85 to get member rates on webinars & more! Copy/paste this link in your browser: https://vasea.wildapricot.org/join-us )
NOTE: Members must use member discount code at time of registration to receive member rates. Enter coupon code on payment screen. Do not pay full amount & request refund. An administrative fee will be deducted in those cases.

PROGRAM DESCRIPTION:

This course will look at the issues to consider when selecting or changing an entity type for your tax practice. A look at the advantages and disadvantages of selecting Sole Proprietorship, Partnership, S-Corp, or C-Corp Status as a tax professional. Topics include Payroll, Reasonable Compensation, Draws, Dividends, Distributions, Tracking Basis, Filing Requirements, etc. Discussion will focus on making a selection as a tax professional, and some of the specific things EAs should consider vs other businesses.

Learning Objectives:
1. Identify 4 different Entity Statuses and characteristics of each
2. Learn some simple ways to determine reasonable compensation amounts.
3. Identify when it may be time to change an entity’s status
4. Identify potential advantages and pitfalls of selecting a particular entity status
5. Identify the difference between owner draws, dividends, and distributions

Prerequisite - None

Program Level – Intermediate

IRS Program Number - QSRNU-T-00587-22-O

Participants will earn up to 1 hour of IRS CE

Field of Study: Federal Tax Law Topics / Taxes

PRESENTER:
Patrick Knightly, EA is a tax professional with over twenty years of tax and accounting experience. He has extensive experience in private and public sector accounting, and has also served as the Chief Financial Officer of a non-profit charity. He currently lives in the Richmond, VA, has a dog named Jojo, and is a die-hard Hokie fan.

Refund Policy
Refunds will be honored if written notification is received at the Administrative Office up to 5 days prior to the date of the course. A processing fee of $25 will be deducted from the refund. If the total registration fee was less than $25, no refund will be granted. Transferring the registration to another individual is allowed up to 5 days prior to the program date. Transfers or cancellations within 5 days of the course will not be accepted. “No Shows” forfeit their fees. For more information regarding refund, cancellation and complaint policies, please contact our office at (804) 723-5888.

Cancellation
VASEA reserves the right to cancel any program or course for circumstances that are not under direct control of VASEA. If a course or program is cancelled, registrants will be notified via email at the address listed on their registration form.

Complaint Resolution Policy
For more information regarding refund, cancellation and complaint policies, please contact VASEA Administrator, Heather Greenwell at admin@vasea.org or call (804) 723-5888.

Questions
Contact Heather Greenwell, CAE, VASEA Administrator, at (804) 723-5888.