Description
Provides financial planners with deeper insights into tax saving, retirement saving, and financial planning strategies when self-employed or owning a small business with reporting on a Schedule C form along with the associated tax consequences.
Learning Objectives
Increase planner comfort to have well-informed and structured conversations around the complex components of planning for the uncertainty that is self-employment income. Deep dive into income control planning opportunities, tax consequences, and mistakes to avoid in the following income categories: income planning, appropriate expenses & deductions, retirement savings optimization, and tax savings strategies. Develop processes for planners to identify the opportunities and present them to their clients.