Description

When clients ask questions about the impact of new tax legislation embodied in OBBBA, it is important that accounting and finance practitioners can reply with accurate and relevant planning strategies. This program prepares accounting and finance practitioners with the knowledge and insights to help their clients apply the new law to their advantage.

This program is an introduction and review of some of these critical changes and their impact on individual and business taxpayers. By taking this program, accounting and finance practitioners will have a broader, deeper understanding of many of the OBBBA changes that impact their clients.

This course is a two-hour review and analysis of what we consider some of the most important changes from the OBBBA impacting clients and perhaps their businesses.

Instructor: Mike Tucker, Ph.D., LL.M., J.D., CPA

Target Audience

Accounting and finance professionals who wish to be informed for their own knowledge or who will be advising clients regarding the tax changes brought about by the OBBBA

Course Objectives

Understand the many tax changes taking place as a result of OBBBA

Advise clients with regard to planning strategies they could profitably adopt in light of the OBBBA changes

Subjects

Bonus and Section 179 depreciation

Depreciation of qualified production property

The business interest deduction

Tax on excess compensation within tax-exempt organizations

Excise tax on investment income of private colleges

ABLE accounts and the Saver’s Credit

Child Tax Credit

Casualty losses

Other crucial OBBBA provisions