Making the Jump: A Planner's Guide to Advising on Self-Employment
Monday, December 12, 2022
3:30 PM – 4:30 PM PDT
Location: SCC: 606-609
CE: 1 CFP CE Credit(s)
Level of Complexity: Intermediate
Intensified by the pandemic, a permanent shift to self-employment and side hustles is underway. Clients are looking for ways to generate more income, save more money, and have more work-life balance. This presentation will provide practical tools and information for planners to counsel clients looking to make the jump to self-employment, including a discussion of the opportunities, challenges and tax and advice implications.
Learning Objectives:
Differentiate between options for establishing a business entity and reporting self-employment income, and guide clients to determining which to select and when to switch.
Explain to clients their personal tax obligations as a self-employed individual or business owner, for reporting, payments, withholdings, and filings.
Communicate to clients the tax benefits and deductions available under the TCJA for self-employed individuals and business owners, and recognize opportunities for these clients to enhance current savings strategies.
