Accounting and Tax Procedures to Maximize your Deductions and Minimize Problems with The IRS
Overview:
Small business owners and startup companies often lack the resources to hire someone to properly set up their accounting system and their policies and procedures. They often don't know what they can and cannot deduct and, even if they do, they are unsure of the proper documentation requirements. In this webinar, we will give you a solid foundation to build your accounting system on so that you can maximize your deductions and minimize any problems with the Internal Revenue Service.
This webinar has been developed by a CPA who has been licensed for over 30 years and has worked with hundreds of small businesses. In addition, he has hands-on experience as the chief financial officer and controller of dozens of companies.
In addition, he has taught graduate and undergraduate accounting, business, tax and finance courses at numerous universities including Fairleigh Dickinson University and, currently, at DeVry University and Keller Graduate School Of Management.
The lecture part of the webinar will run approximately one hour and the remaining 30 minutes will be devoted to answering questions that the participants may have.
Areas Covered in the Session:
- Personal introduction
- Introductory information
- Minimizing your tax liability, The simple answer on how to minimize your tax liability is to take all of the deductions, you are legally entitled to and to document them so the IRS will allow them if you are audited.
- Let's first look at what items are deductible.
- Next, let's look at the documentation requirements.
- Your accounting / bookkeeping system
- Best procedures for your accounting system
- Working with your tax return preparer
Who Will Benefit:
- Bookkeepers
- Controllers
- Small business owners
- Startup companies