Maximizing Tax Benefits for Business Owners

Mr. Roth will share his thirty-two years of experience as a tax and business advisor to show small business owners how to maximize their tax benefits. The class will discuss:

•  Pre-tax v. after-tax dollars.
•  Requirements for tax deductions
•  New Qualified Business Income Deduction.
•  Maximizing tax benefits for the same dollars spent.
•  Maximizing vehicle deductions under the new TCJA.
•  Vehicle deductions for LLCs and corporations.
•  The administrative home office for increased vehicle deductions.
•  Alter ego and the loss of tax benefits for LLCs and corps.
•  Maximizing tax benefits with an accountable reimbursement plan.
•  Tax savings and fringe benefits using S corporations.
•  Maximizing meals and entertainment under the new TCJA.
•  Health insurance—maximizing your deduction.
•  Health savings accounts and medical expense reimbursement plans.
•  New qualified small employer health reimbursement arrangement.
•  Hiring your spouse and dependent children.
•  Business retirement plans, solo 401ks and SEPs.
•  Recordkeeping to protect tax benefits.

Presented by
Randy Roth, EA, MSFS

Randy Roth is a tax, estate & business consultant, (and member of NARI), providing services to individuals, businesses, estates, trusts and non-profit organizations. He advises in the formation of business entities, corporate compliance matters, real estate holdings and non-profits—as well as in their on-going maintenance. He is an owner and principal of Incompass Tax, Estate & Business Solutions, an Enrolled Agent with a Masters specializing in Estate Planning and Taxation and has been in business for thirty-two years.