| Course Expiration: |
January 16, 2021 |
| Course Type: |
Plumber |
| Professional Credit Hours: |
1.0 |
| Course Type: |
Contractor |
| Core Credit Hours: |
1.0 |
| HVAC Specific: |
No |
| Energy Specific: |
No |
| Course Name: | Business Tax Issues |
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| Course Outline & Objectives: | To ensure that business owners understand the changes to tax law changes for the year ending and the new year. Subject matter: Tax important items, potential tax changes New IRS Tangible Property Regulations (TPR) · What the heck is this? How does it apply to me and my business? · Major new 2016 & 2017 requirements ? risks of not complying · Tax savings opportunities Section 179 and bonus depreciation (pending government approval) 3.8% and 0.9% Medicare surtaxes - how to plan for these additional income taxes Alternative Minimum Tax (AMT) 401(K), profit sharing/IRA, SEP Employee/owner fringe benefits Entity planning - Schedule C, S-corp, LLC Small Business Health Care Tax Credit Education tax credits Domestic Production Activities Deduction - construction, manufacturing, engineers, architects Since so much is in flux, there could be a big delay this filing season in IRS getting tax forms out, refunds, etc. IRS danger areas Tax notices 1099 compliance - big penalties, big changes coming Employer provided vehicles Personal expenses, meals & entertainment Schedule C - 10 times more likely to be audited than flow-thru entity S-Corp/LLC tax basis - distributions vs. wages vs. income New IRS audit strategy ? · Your real chances of being audited · What is an audit like? · Correspondence audits · Ideas to reduce your chances of being audited Q&A if time allows |
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| Course Schedule |
January 12, 2017 @ 6:00 pm
DATC 550 East 300 South, Kaysville, UT 84037 |
| Calendar Events |
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Date: 01/17/2019 Location: N/A - Distance Learning Course
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| Keywords: |
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| Location(s): |
N/A - Distance Learning Course
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| Teaching Method: | Live |
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| Company Name: | Utah Plumbing and Heating Contractors Association |
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| Phone: | 801-307-5500 |
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| Address: | 768 West 1100 South, PO Box 1718, Bountiful, UT 84011 |
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| City: | Woods Cross |
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| State: | UT |
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| Postal Code: | 84087 |
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| Email Address: | dave@uphca.net |
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| The Course Provider is: | a professional association or organization involved in the construction trades |
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| Signup Link: | http://uphca.net/current-events/ |
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| Instructor First Name: | Bryon |
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| Instructor Last Name: | DeStigter, CPA |
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| Instructor License #: | |
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| Instructor Resume: | About Byron DeStiger - Byron is currently a CPA at the Leverich Group, ( <a href="#www.leverich.com">www.leverich.com</a>) and has been a CPA in the construction industry for twenty years. Recently he worked for a $20 million specialty contractor monitoring the day-to­day operations and optimizing company profit by continually updating the estimating system for changes in costs and market conditions. He reviewed costs and production rates, prepared thousands of bids and managed hundreds of projects through the cycles of the last decade. |
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| Instructor First Name: | Steve |
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| Instructor Last Name: | Scoggan |
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| Instructor License #: | |
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| Instructor Resume: | Steve Scoggan, a partner at ClifftonLarsonAllen has been with the firm since 1995. He provides accounting, tax and management consulting services to privately held construction contractors and other industries. He has extensive hands-on experience in coaching and assisting owners in dealing with complex accounting, management, organization, personnel and motivational challenges.
Steve?s specialty is helping companies deal with the issues and details related to growth, or in recent years, shrinkage. He assists company management with tax and financial planning, banking and bonding, as well as assisting in the training of company financial personnel.
Steve enjoys the dynamics of small and medium size businesses, and has experience helping clients obtain credit, plan for succession, or prepare for sale.
Prior to joining the firm, Steve co-owned and managed a family multi-operation business. Steve graduated with honors from California State University, Los Angeles with a bachelor's degree in business administration with an accounting option. Steve gained experience with a large national CPA firm in Los Angeles and New York City. Steve has resided in Park City, Utah since 1988.
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