Course curriculum

  • 1

    Tax Strategy: Introduction & Overview

    • 1.1 Introduction

    • 1.2 Series Overview

    • 1.3 Course Overview
  • 2

    2 Tax Systems

    • 2.1 2 Tax Systems

    • 2.2 Definition of a Business

    • 2.3 #1 Tax Strategy
  • 3

    What's Deductible

    • 3.1 What's Deductible

    • 3.2 Shared Expenses

    • 3.3 Home Office

    • 3.4 Vehicle Use

    • 3.5 Charitable Contributions

    • 3.6 Medical Insurance
  • 4

    What's Not Deductible - Or Has Touchy Rules

    • 4.1 Not Deductible

    • 4.2 Travel

    • 4.3 Meals

    • 4.4 Education
  • 5

    Audit Proof Documentation

    • 5.1 Audit Burden of Proof

    • 5.2 Audit Proof Documentation
  • 6

    Entities For Tax Strategy

    • 6.1 Entities for Strategy

    • 6.2 Sole Proprietorship

    • 6.3 Partnership

    • 6.4 S-Corporation (part a)

    • 6.5 S-Corporation (part b)

    • 6.6 C-Corporation
  • 7

    Core Tax Strategies

    • 7.1 Core Tax Strategies Intro

    • 7.2 Health Insurance

    • 7.3 Medical Expenses - HSA

    • 7.4 Medical Expenses - HRA

    • 7.5 Retirement Overview

    • 7.6 Roth & Traditional IRA

    • 7.7 SIMPLE & SEP Plans

    • 7.8 401(k) Plan

    • 7.9 Defined Benefit Plan

    • 7.10 QBID

    • 7.11 Self Rental

    • 7.12 Depreciation

    • 7.13 Hiring Spouse & Kids

    • 7.14 Prepay Expenses

    • 7.15 Core Tax Strategies Conclusion
  • 8

    Layering Strategies

    • 8.1 Layering Strategies

    • 8.2 Simple Layering Example

    • 8.3 Complex Layering Example

    • 8.4 Layering Strategies Conclusion
  • 9

    Conclustion & Action Steps

    • 9.1 Action Steps

    • 9.2 Next Learning Steps

    • 9.3 Feedback - I am always looking for ways to better understand your needs and improve my courses. Please take a few minutes to share your experience – good or bad, I appreciate your time and feedback!

Instructor

Siobhan Murphy, CPA

Siobhan brings 20+ years of accounting experience and entrepreneurship to her role with small businesses and self-employed individuals . She holds a Master of Business Administration (MBA) from Western Washington University; is a Certified Public Accountant (CPA), a Certified Management Accountant (CMA), and a Certified Financial Manager (CFM). She has applied her accounting and business experience to a thousands of businesses in a wide range of industries including not-for-profit, public accounting, privately held small business, home-based business, and individuals. She is passionate about education so that self-employed individuals and small business owners are empowered with a deeper understanding of the financial workings of their businesses, which results in more effective leadership of their businesses to support their lives.