Recent News

January 4, 2008

Taxing Matters examines self-employment tax

During their monthly meeting on Wednesday, January 9, the Business Tax Committee will be hosting the CLE entitled “Choice of Entity and the Self-Employment Tax” with speaker Bruce D. Bernard of Rea and Associates. This one-hour seminar is designed to provide practitioners with a better understanding of the self-employment and payroll taxes and the potential impact that choice of entity has on the application of these taxes.

Corporate attorneys, solo and small practitioners, as well as business tax and estate and gift tax attorneys will benefit from this information.

Mr. Rea will be discussing the following topics for his presentation:

• What is the real economic advantage of reducing or eliminating self-employment and payroll taxes?
• What types and sizes of businesses do these taxes most affect, i. e., what business and other factors are key in making informed recommendations in planning for these taxes?
• How are the self-employment and payroll taxes applied to the various types of pass-through entities?
• How can LLCs be structured so as to better position the client to minimize or avoid the self-employment and payroll taxes?