Business Income Tax - August 5, 2014 

Overview

Students will gain a basic understanding of general business income tax issues, a better understanding of managing the process, and a general understanding of tax reduction planning.

Description 

This workshop will cover:

- Basic entity choices, and the main taxation differences between them
- Handling income, and why the income side of taxation is more important than the expense side
- Payroll, guaranteed payments, and how this is handled in the individual entity choices
- How dividends, distributions, and draws are handled in the individual entity choices
- Balance Sheet issues, and how balance sheet timing affects taxation
- Choosing a good tax accountant
- Tax Planning

Register Now!

Presenter

Chris Amundson
President Accounting Solutions Ltd., a Public Accounting Firm on Chicago's North side and member of Certified Public Accountants and Enrolled Agents specializing in the accounting and taxation needs of small businesses, estates, and trusts.

Mr. Amundson's practice is focused on providing solutions to individuals and entities through Accounting and Financial Statement Reporting, Tax Preparation and Audit Representation, and Tax Planning and Consulting. Always focused on helping clients achieve their long and short-term goals, he currently serves the needs of over one hundred and forty entities in Illinois as well as seven other states.