Surgent Accounting & Financial Education

Spent years minimizing S corp officer salaries? C corp planning runs the other way. Higher compensation is deductible at the entity level, which cuts into the 21% corporate tax, as long as it stays reasonable.

That reversal is the real risk in corporate work. The rules are not harder, but pass-through instincts stop applying. Capital losses only offset capital gains. NOLs cap at 80% of taxable income. The accumulated earnings tax has no pass-through equivalent.

New on the blog: https://hubs.ly/Q04s7F8B0

A client mentions a revocable trust. A beneficiary hands you a K-1 from an irrevocable one. Most CPAs never got formal training on how either actually works.

Today, Daniel Johnson, CFP, EA, AEP covers trust mechanics, fiduciary roles, the revocable vs. irrevocable split and how irrevocable trusts can be modified under current law.

📅 Today, Aug. 5 | 1-3 p.m. ET | 2 CPE credits

🔗 https://hubs.ly/Q04rZjDN0

Nobody has ever pressed the left button.

When you do get around to it, there are 10,000+ credits waiting: https://hubs.ly/Q04rRzk90

Trump Account or 529? The honest answer means comparing both side by side: contributions, growth, and what happens at 18.

Our new guide breaks it down: 🔗 https://hubs.ly/Q04rynSb0

When can your accrual-basis client actually take that deduction? Find out tomorrow.

Dave Peters opens the Corporate Tax CPE Series live Mon, Aug 3, 1:00–3:00 PM ET. 2 CPE credits, NASBA-approved.

Register: 🔗 https://hubs.ly/Q04ryBmw0

42 states have now enacted alternative CPA licensure pathways. The 150-hour era is ending.

The credential gets you in the door. CPE decides how far you go. See what sets Surgent CPE apart:

🔗 https://hubs.ly/Q04rwZ1f0

Clients will see the $1,000 headline. Their advisors will need to explain eligibility, contribution limits, employer contributions, withdrawal rules and how Trump Accounts compare with other savings options.

Surgent’s new Trump Accounts course gives accounting and finance professionals the practical knowledge to guide those conversations as the rules continue to take shape.

Earn 2 CPE credits on this relevant client topic: https://www.surgentcpe.com/cpe-courses/trump-accounts-created-by-OBBBA-TAC2

Trusts are everywhere in estate and business planning. Formal training on how they work is not.

Our new post covers trust mechanics for accounting professionals: the key parties, revocable vs. irrevocable, and how trust income is taxed.

🔗 https://hubs.ly/Q04rqV040

The IRS Security Summit's "Protect Your Clients; Protect Yourself" campaign is running now, five weeks of practical guidance on defending client data from identity theft. Last week's installment covered the Written Information Security Plan.

Under the Gramm-Leach-Bliley Act, tax pros are legally classified as financial institutions, so a WISP is a requirement, not a suggestion. If your firm hasn't reviewed its plan since last summer, this is the nudge.

🔗 https://hubs.ly/Q04r2XWZ0

Seven weeks from today is Sept. 15. Every extended entity return in the queue is either an August project or a September emergency.

Pull the extension list this week. Chase the missing K-1s now, while there's still time for answers to come back.