APACC'S SBAC Presents: BIG tax strategies for SMALL businesses

APACC's SBAC in partnership with National ACE bring you, BIG tax strategies for SMALL businesses.

It’s not uncommon for small business owners to feel left out of the tax loop. What credits and deductions are out there for me? How do I minimize taxes at the business and individual level? There are several tax strategies small businesses can deploy that can have an immediate cash impact. We’ll review some of these tax strategies and other considerations, including:

• Employee Retention Credit (ERC) and business income tax implications
• State and local income tax, sales tax, and property tax saving opportunities
• Home office deduction and other owner-level deductions
• Self-rentals and related grouping election
• Net Operating Loss rules and carryback opportunity under CARES Act
• Tips & Tricks and other tax considerations

Presenter:
Sejla Kulaglic, CPA
Rehmann

Sejla joined Rehmann in 2013 shortly after starting her public accounting career. She has provided tax planning and compliance services to a variety of clients in several industries. Sejla is also a member of the firm’s International Tax Team, with extensive experience working with expats and estate tax considerations.

In addition to assisting with inbound and outbound transactions, Sejla works with individuals and business owners on corporate, flow-through and estate tax matters. She advises clients on entity structuring and foreign investment in U.S. real estate.

Presenter:
Himanshu Puri, CPA
Rehmann Robson LLC

Himanshu primarily serves clients in manufacturing, services, and real estate industries. He works with a variety of individuals, partnerships, S corporations and C corporations, providing tax planning and compliance services that range from closely held businesses to large multi-state and consolidated entities. Additionally, he advises clients on tax saving opportunities and provides tax resolution services and audit support. 

Himanshu is a Certified Public Accountant (CPA). He has been in public accounting since 2011 and joined Rehmann in 2015. He is a part of Rehmann’s Advisory & Tax Innovation Group (ATIG), a dedicated group tasked to bring new and innovative tax planning ideas to the firm & closely monitor tax law changes. Himanshu is also a member of the American Institute of Certified Public Accountants (AICPA) and the Michigan Association of Certified Public Accountants (MICPA)