Proper Financial Accounting for S Corporations
4.00 Credits
Member Price $159
Non-Member Price $189
Overview
Proper financial accounting for S corporations involves adhering to specific accounting principles and tax regulations designed for this unique business structure. This course examines the proper financial accounting for S Corporations.
Highlights
- Deferred tax accounting for S Corporations
- S elections and terminations – dealing with deferred taxes
- Financial accounting for capital stock and retained earnings
- S corporation shareholders’ equity
- Tax vs financial accounting for Accumulated Adjustments Account
- Financial accounting for loans to and from S shareholders
Prerequisites
Basic working knowledge of business taxation
Designed For
CPAs in public practice and members in industry seeking a better understanding of financial accounting for S Corporations
Objectives
- Apply financial accounting concepts to S corporations
- Identify planning strategies and potential pitfalls
Preparation
None
Leader(s):
Leader Bios
Douglas Van Der Aa, Federal Tax Workshops
Doug Van Der Aa, CPA, J.D., has been a discussion leader for Federal Tax Workshops, Inc., for the past 10 years. He has extensive experience in leading discussions in conferences, seminars and webinars. Doug has over 20 years of experience, including tax practice in CPA firms and the practice of transactional business and real estate law as an attorney. Formerly, Doug was a tax manager with Hungerford, Aldrin, Nichols & Carter, P.C. in Grand Rapids, Michigan, where his practice concentrated on the tax needs of mid-sized closely held businesses, with their related pass-through entities, complex individual returns including AMT issues, together with their estates and trusts.
Non-Member Price $189
Member Price $159