Tax Planning for Sole Proprietors & Other Business Owners 26-27

Overview

Individuals are leaving the workforce in droves due to retirement or resignation and many are choosing to start their own businesses. The One Big Beautiful Bill encourages this choice. This course explores the planning opportunities for those starting their own businesses or advising clients. Issues addressed include making sure you will be treated as a business, choice of entity, Schedule C deductions, depreciation, avoiding the self-employment tax, retirement plans, self-employed health insurance, employing family members and loss limitations.