CFO Series: What We Can Do to Minimize Taxes: Without Danger

Overview

When stepping into a leadership role you may not have been exposed to all the various tax issues. We will take a thirty-thousand-foot view into corporate income taxes and some other taxes, the focus being to potentially lower taxes. We will explore what and how to communicate with your external accounting firm. What is the value of proper fixed asset schedules and their crucial role? Depreciation, qualified business income, and the employee retention credit will be reviewed. Keep a schedule, be prepared, because at the end of day - you will be held accountable and responsible for missed dates, missed opportunities and also may be given credit for taxes saved. Be prepared and aware of tax savings alternatives.

Prerequisites

At least six (6) months of professional experience and in financial statement analysis. Preferably at least six (6) months experience in tax matters.

Objectives

• Determine your organization's tax responsibilities.
• Analyze strategies to minimize taxes.
• Identify tax schemes to avoid.

Highlights

• Tax reduction strategies.
• History of taxation in the USA.
• Tax environments, entity and associated forms.
• Corporate, state, property, and sales taxes.
• Tax planning concerns.
• Depreciation and fixed asset schedules.
• How to recognize and ward off tax schemes.