Master the critical differences between financial accounting and tax reporting to optimize your business strategy.
The Internal Revenue Code is just a different world! While most business school graduates learn basic GAAP or IFRS accounting principles, the tax world feels very foreign – because so many rules are different.
For example, how do you depreciate assets if you don't estimate their useful lives? Also, when do we need to file a tax return for a flow-through entity if it doesn't actually pay any taxes? And when are estimated tax payments required?
In this course, we will be exploring some basic principles for filing and paying business income taxes. If you are a new practitioner or someone who is going out on your own for the first time, and you find yourself intimidated by all of the income tax rules and compliance, we have you covered!
Who Should Attend:
Practitioners that are new to the industry or preparing tax returns. Also, small business owners looking to file their own business tax return.
CPA, CFP, CLU, CPCU, MST, MBA
David Peters is the Founder and Owner of Peters Professional Education in Richmond, VA. He is registered with the U.S. Securities and Exchange Commission (SEC) as an Investment Advisor Representative (IAR) with Peters Financial LLC. He brings over 20 years of experience in financial services, including three years in the hedge fund industry and six years in insurance. David was the first Chief Financial Officer of Compare.com, where he served for more than three years. He holds four master’s degrees, contributes frequently to professional publications, and is a nationally recognized CPE instructor and discussion leader for Surgent seminars and a former instructor for Don Farmer. David received the AICPA Outstanding Facilitator Award in 2021, 2023, and 2024 as well as Surgent's Outstanding Discussion Leader awards in 2019 and 2022. He also co-authored the Virginia CPA Ethics course in 2018, 2019, and 2020, which is a requirement for all CPAs licensed in Virginia. Through Peters Professional Education, David is the author and instructor for over 125 recorded on-demand CPE courses and leads private trainings, in-person tax seminars, and quarterly live tax update webinars. His areas of instruction include accounting, finance, insurance, financial planning, and ethics, and he regularly teaches professionals across the United States.
