Surgent's Going Out on Your Own: Entity Types and Accounting Methods
Valid for one year from purchase date
Self-study - On-Demand
2 CPE (2 technical) | 2 IRS CE
Course code: 26SS-0226
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- Wednesday, June 10, 2026 - Webinar
- Wednesday, July 8, 2026 - Webinar
- Wednesday, Aug. 26, 2026 - Webinar
- Thursday, Sept. 17, 2026 - Webinar
- Tuesday, Oct. 6, 2026 - Webinar
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Starting a business is tough! There are lots of decisions to be made and things to think about. You may feel like you have a great idea. You have done your marketing research, developed a prototype, and even looked at locations for your new office. Then it dawns on you…. What type of entity do I need to be? Is there really an advantage to choosing one entity type over the other? In this class, we will dig into the differences between entity types - from taxes to liability. We will also look at the advantages and disadvantages of different methods of accounting. Whether you are a small business owner looking to start something new or a practitioner looking to expand your client advisory services, this course is the one for you!
Major subjects
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Financial planning pyramid.
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What to consider when picking an entity.
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Single member LLC vs. sole proprietorship.
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Corporations - S vs. C.
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Double taxation.
Learning objectives
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Identify differences in how business entity types are taxed for income tax purposes.
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Recognize how personal financial planning for a business owner is related to financial planning for a flow-through entity business.
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Identify how S-Corporations are taxed for self-employment tax purposes.
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Recognize double-taxation and when it applies.
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Identify when a transaction should be recorded on the accounting records under the cash method.
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Recognize when income is recognized and an expense must be accrued on the accounting records under the accrual method.
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Identify what account should not appear on the financial records if the accrual method is being used.
Who should take this program?
- Small business owners, CPAs, and financial advisors who want to understand the advantages and disadvantages of different entity types and accounting methods.
Pricing
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$89.00
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$89.00
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