Learning Objectives:

• Assess the tax implications and strategic advantages of different business entity structures, incorporating recent legislative updates and practical scenarios to determine the most beneficial entity selection for clients’ unique needs and goals.

• Gain expertise in the comprehensive preparation of Schedule C, including advanced strategies for optimizing deductions, ensuring compliance, and accurately reporting business income and expenses for sole proprietors.

• Develop a thorough understanding of the ethical considerations and compliance requirements under Circular 230, including recent updates and changes, enabling practitioners to uphold the highest standards of professional conduct

• Analyze the 2025 tax season federal tax law changes, including the SECURE Act 2.0 and annual inflation adjustments, to accurately implement and advise on the latest tax regulations and their implications for individual and business clients.

• Master the critical components and updates of the Annual Federal Tax Refresher, including recent tax law changes, due diligence requirements, and ethical standards, to ensure comprehensive knowledge and compliance for the upcoming tax season.

• Evaluate the tax implications of various retirement accounts and distribution strategies, including the latest legislative changes, to optimize tax efficiency and enhance financial security for retirees.

Our 18-hour AFSP tax course bundle contains 2 hours of ethics, 6-hour AFTR and 10 hours of federal tax law topics. Our 10-Hour federal tax law topics includes:

Entity Selection (2 CE), Self-Employment: Lesson for Entrepreneurs (3 CE), Tax Law Updates (3 CE), Retirement (2 CE)