Tax Savings for the Smart Business Owner

Thursday, February 27, 2014 | 7:00pm to 9:30pm

Campus: Santa Monica College

Location:

SMC SBDC at Bundy Campus
3171 S Bundy Drive, Room 217
Los Angeles, CA 90066

Cost: $25

Category: Finances

Info:

Small-business owners often don’t structure their business activities to save legitimate deductions, to create new legitimate deductions and to recycle (or double-deduct) the deductions which can be used more than once to save taxes.

Primary Topics (include, but are not limited to):

  • The official business travel deduction rule
  • Deducting and double-deducting medical expenses
  • How not to deduct medical expenses
  • How business owners should detect medical expenses
  • Obamacare and the small business healthcare deductions
  • Income splitting mechanics for business owners
  • Reasonable compensation
  • Incorporated businesses, partnerships and adult dependent children
  • Helping kids start their own business
  • Fringe benefits for family members
  • Incorporating to get tax deductions or benefits
  • Subchapter Selection for corporations and limited liability companies
  • Out-of-state incorporation
  • Home office deductions for small businesses
  • Company car deductions

 

Facilitator: Emir Phillips