Reducing a Business Owner Client’s Exposure to Social Security and Self-Employment Taxes
Description
Many business owner clients wish to minimize their Social Security and self-employment tax liabilities. This course provides accounting and finance professionals with the background to understand what kinds of income constitutes self-employment income and income earned. It covers strategies that can be used to reduce clients' exposure to the self-employment tax and Social Security tax.
Objective
Recognizing when income is subject to Social Security tax Determine when avoiding earned income/SE income works favorably for the client Understand how hiring a child helps reduce self-employment tax Differentiate between income treated as self- employment income and income that is not self-employment income
Attendee Information
Edward Renn, Esq., Michael Tucker, Ph.D., LL.M., J.D., CPA
Required Knowledge
Basic knowledge of individual income tax
Credit Types
- CPE – Taxes
Registration Fees
| Registration | Type | Price |
|---|---|---|
| WRS84126: Registration – Member | Mem | $105 |
| WRS84126: Registration – Non-Member | NM | $230 |
The North Carolina Association of Certified Public Accountants 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: www.nasbaregistry.org/.For information regarding refund, complaint, program cancellation or other policies, visit our Registration Policies page or call 800-469-1352.