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The Number 1 Tax Strategy for the Small Business Owner: Setting up an S Corporation step by step.

Tax Strategy for the Small Business

1 Credit


Subject Area


Webinar Qualifies For

1 CPE credit of Taxes for all CPAs

1 CE credit of Federal Tax for Enrolled Agents ( IRS Approved : GEHNZ ) (Approval No. GEHNZ-T-00357-20-S)

1 CE credit of Federal Tax Subjects for California Tax Professionals (CTEC Approved - 6273) (Approval No. 6273-CE-0360)

1 CE credit of Annual Filing Season program (AFSP)( IRS Approved : GEHNZ )

1 CE credit of Federal Tax for Maryland Tax Preparers (Approval No. GEHNZ-T-00357-20-S)

1 CE credit of Federal Tax for Oregon Tax Preparers (Approval No. GEHNZ-T-00357-20-S)

1 General Educational credit for Tax Professionals / Bookkeepers / Accountants

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Before starting this self study program, please go through the instructional document.


  • Should your clients incorporate? Limitations
    9 mins
  • Should your clients incorporate? Advantages
    12 mins
  • Setting up LLC/S corp
    23 mins
  • Guidelines for S corporations
    34 mins
  • Streamline your coaching
    46 mins

Course Description

Choosing a business structure requires a calculus that weighs tax and legal benefits with startup costs and time. It’s one of the most consequential decisions you’ll make when you first start your small business.

Many small business owners hesitate to elect S corporation taxation because it requires more upfront time to get going. But don’t demur S Corp tax status: There are some great tax benefits you could be missing.

Don’t let the word “corporation” confuse you. S corporations don’t pay corporate income tax. Instead, S corporations enjoy pass-through taxation in which the company’s owners pay taxes on their portion of the company’s earnings based on their individual tax rates.

Small businesses with high profitability lose huge amounts of money in paying taxes. However, they can save it by applying a very effective strategy. They can incorporate their entity retroactively for the previous years. This may provide numerous benefits.

This Online CPE Webinar covers the following Key Topics:

  • Saving in tax for your overall business income
  • Generating excellent revenue
  • Benefits of S Corporation election
  • Explanation of the step-by-step method through practical examples

This unique value webinar provides you an opportunity to benefit your clients setting up entity without any hassles and generate new income streams.

Learning Objectives

  • To identify when it is right to council your clients to incorporate.
  • To recall the step-by-step process for setting it up, and when and how to work with a legal firm.
  • To identify when and how to retroactively elect and entity to be treated as an S Corporation.
  • To identify and work through a few of the challenges faced when providing this service.
  • To recognize how to bill the client, and what to upsell as part of this service.

Who Should Attend?

  • California Registered Tax Professional
  • Certified Public Accountant
  • Chief Accounting Officer
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA