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Scott Transue
Tax Consultant - Quickbooks TrainerScott Transue is an Enrolled Agent with the IRS, licensed to represent taxpayers in all 50 states. He is an award-winning speaker and trainer on taxation and debt collection. He is also a QuickBooks ProAdvisor. He has presented seminars on accounting topics throughout the country and coached over 3,000 people in improving their entity’s performance. He is a Remote Tax Advisor for TurboTax. He holds a Masters in Accounting from Walden University and Master of Public Administration degree from the State University of New York at Albany. His professional career has included time as commissioner of finance for the city of Gloversville, New York and as a senior accountant with the New York State Department of Environmental Conservation.
Recorded-webinar by: Scott Transue
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S-Corp vs Sole Proprietorship: Understanding Your Business Structure Options and Tax Implications
Choosing the right business structure is crucial to the success of your small business. Both S-Corps and sole proprietorships have their advantages and disadvantages. Sole proprietorships are simple and easy to set up with little bureaucratic requirements, while S-Corps offer personal asset protection and low tax rates. You should consider your business's nature, needs, and goals before deciding which business structure is the best for your business. A consultation with a licensed business attorney or tax professional will offer valuable insights to make an informed decision.
The business structure of a company plays a crucial role in the economic growth and financial stability of a business. Two of the most common business structures utilized by small business owners are S-Corporations and Sole Proprietorships. Understanding the differences between these two business structures can be an essential aspect of making informed decisions for small business owners.
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Sales and Use Tax Best Practices
This training program will explore the origins of the sales and use tax, explore how and when it applies, and discuss ways to legally minimize (or even eliminate) liability. Sales and use tax is among the most complex areas of compliance for accounting professionals. Given that each state regulates the tax in its own way, companies that operate in multiple states have a detailed (and sometimes costly) compliance burden. Additionally, the use tax is often misunderstood, misapplied, and overpaid. Best practices for dealing with a sales tax audit will also be explored in the webinar.