Tax Practice Leaders Present Webinar "Tax Reform: What Businesses Need to Do Now"
On Thursday, February 1, Marty Doerr, Partner in Charge, Tax Services; Rob Haggerty, Tax Partner; and Kevin Boeving, Tax Principal; presented the webinar "Tax Reform: What Businesses Need to Do Now."
Before discussing the immediate actions businesses should take, Marty provided an overview of the highlights of the Tax Cuts and Jobs Act (TCJA) that was enacted December 22, 2017.
Rob discussed the changes to tax rates and depreciation, including Qualified Improvement Property (QIP) and Section 179 expense changes. He also discussed the immediate opportunities businesses have to perform a cost segregation study on new construction projects, acquisitions, expansions or remodels.
Kevin discussed business entity planning considerations, including a pass-through vs. C corp analysis and variables that impact the analysis.
To access a recording of the webinar, please click here and submit a short form. If you would like to discuss any of the topics covered during the presentation, or have other tax planning questions, please contact us.