Tax Planning for Businesses, Maybe Even Yours

5 (1 vote)

Brought to you by the Tax & Estate Planning Knowledge Circle: Most financial planners have a working knowledge of taxes for individuals, namely the Form 1040. For many of us, the business tax planning can be unfamiliar territory. We will start with the basics of “entity choice” and finish with the end of the business cycle, often a sale or merger. In between, we will explore a few tax strategies for the meat of the business life cycle. And if you are an owner in a financial planning practice, you will likely find tax topics that are in your enlightened self-interest.

Mark Prendergast, MS, CPA, CFP®, CDFA®, MSAP®

Director of Tax Strategies

Inspired Financial

Mark Prendergast is the Director of Tax Strategies at Inspired Financial, a comprehensive financial planning firm in Huntington Beach, California, where he heads up the divorce consulting department. He is a practicing CDFA®, CPA, and CFP® and has given numerous continuing education presentations for a variety of organizations, including the Institute for Divorce Financial Analysts (IDFA), the Financial Planning Association (FPA), California Society of CPAs, Wealth Counsel, and the National Association of Personal Financial Advisors (NAPFA).

He started his career with the international accounting firms Ernst & Young (then Ernst & Whinney) and Price Waterhouse having attained the position of tax manager. He is married to Evelyn Zohlen, the 2019 president of the Financial Planning Association, who is also the founder of Inspired Financial.