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04. Mastery

MASTERING BUSINESS TAXES (S CORPS, LLCs) (004-MAST)


Description

Mastering Business Taxes is a powerful masterclass designed to equip ProAdvisors with the knowledge and practical skills needed to serve business clients confidently. This session covers the foundational and advanced concepts of business taxation, with a focus on LLCs, S Corporations, and deductible business expenses.


What You’ll Learn:


✅ LLCs vs. S-Corps: Understand the differences in structure, tax treatment, and compliance requirements. Learn when each is appropriate and how to guide clients through entity selection or conversion.

✅ Deductible Expenses: Deep dive into common and often-overlooked business deductions — including meals, home office, vehicle use, and startup costs — to help clients maximize tax savings.

✅ Theory & Practice: Blend IRS guidelines with hands-on examples and case studies to apply your knowledge in real-life situations, using the latest forms and tax software techniques.

✅ Advisory Skills: Learn how to position yourself as a trusted advisor by offering proactive tax planning tips and year-round guidance to business clients.


Whether you're just starting with business returns or looking to sharpen your expertise, this masterclass will elevate your confidence and service offerings in the small business space.

CE Credits: 2 IRS Program Number: MUSSZ-T-00104-25-O Sections: 4 Quiz Questions: 40 Year of Publishment:

Content
  • Mastering Business Taxes: Business Entities & Tax Foundations
  • Mastering Business Taxes: Deductions, Recordkeeping & Estimated Taxes
  • Practice Scenario 1 | Elevate Agency, LLC (S-Corp)
  • Practical Scenario 2 | BoldReach Media Group, LLC (S-Corp)
  • Practical Scenario 3 | Nomad Branding Co. (S-Corp)
  • Practical Scenario 4 | Three Pillars Marketing, LLC (Partnership - 1065)
  • Practical Scenario 5 | Vertex Analytics Group, LLC (Partnership - 1065)
  • Mastering Business Taxes: Filing Strategies, LLC/S-Corp Advantages & More
  • Final Test | Mastering Business Taxes
Completion rules
  • All units must be completed