Small Business Taxes: Making The Most Of The Tax Reform Act

Networking & Seminar: Navigating SMALL BUSINESS & Personal TAXES UNDER THE NEW 2020 TCJA RULES. Co-hosted by OpenDC and Office Evolution In 2018, the US government passed the biggest tax code overhaul in 30 years. How do the new rules affect you and your business, and how should you plan for the future? Join Tom Yeung, CFA, in a talk about small business taxes, deductions, and IRS audits. TOPICS COVERED 1. TAXATION 101: the basics of taxes. Choosing cash vs accrual accounting, and S-Corp vs Partnership vs LLC to reduce overall taxes 2. DEDUCTIONS: how to get the most out of the 2018 TCJA business deductions without running afoul of the IRS 3. IRS AUDITS: the seven red flags the IRS look for, how to prepare your business SCHEDULE 6:00 - 6:30: Networking and refreshments 6:30 - 8:00: Presentation and Q&A 8:00 - 8:30: Group networking Tom Yeung is an investment and tax advisor who works with individuals and small businesses to navigate finances. He is registered with FINRA and licensed to practice before the IRS. After graduating from Princeton University, Tom worked in New York for a decade before starting his own firm. He is now based in Washington, DC. Want to learn more? Visit www.jurnex.com [http://www.jurnex.com]