Description
As an attorney, you need to be knowledgeable enough to answer the most common tax questions that crop up during a consultation with a small business owner. Watch this 90-minute video as our expert faculty will address tax issues that lawyers encounter when providing legal and strategic guidance as businesses grow and mature, including:
• When to advise and when to refer a client to a tax specialist.
• Allowable deductions for those working from home.
• When to use business accounts vs. personal accounts.
• Can business owners hire and pay their kids out of their business? What about spouses and parents?
• How to maximize the 20% deduction for LLCs and S-Corps.
• How should owners determine “income”?
• How to decide if relocating makes sense to take advantage of tax benefits.
• When can high-end possessions like cars, boats, and planes be deducted?
• Classification and tax issues to consider when hiring an employee vs. an independent contractor.
• Common issues facing a retiring business owner.
If you are licensed in New York, this content is appropriate for both newly admitted and experienced New York attorneys. Although, this content is appropriate for all New York attorneys, newly admitted attorneys cannot earn CLE credit for the completion of the course when presented via on-demand.