The impact of the Tax Cuts and Job Act of 2018 (TCJA) will have varying effects on business owners and other individuals at year end. What has not been discussed related to TCJA are the explicit planning opportunities that exist for some business owners. This workshop takes a look at some overlooked tax breaks that present unique planning considerations.
WHY SHOULD YOU ATTEND?
This topic is important to business owners and other individuals because it provides information to assist in 2018 income tax planning for investments, operating budgets and after tax ROI.
AREA COVERED
• Obtain a comprehensive understanding of 30 major tax changes in 2018 that will affect most taxpayers.
• Identify ways to use certain TCJ provisions for the purpose of reducing taxable income.
• Review ways to plan against the loss of certain tax benefits.
• Review ways to transition tax laws into tax strategies.
• Gain an understanding of the tax advantages of investing in business insurance for closely held companies
• Discover a method of unlocking tax deferred losses in stock wash sale transactions
LEARNING OBJECTIVES
• Business restructuring to take advantage of graduated tax rates
• Comparison between 2018 and 2017 tax rates for businesses, individuals and trusts.
• Review of 30 major tax changes in 2018 which affect both business and individuals.
• New Section 1031 Like-kind Exchange rules
• New rules related to unreimbursed employee business deductions
• Survival of the specific identification stock matching.
• Inherent tax breaks advantages of captive business insurance
WHO WILL BENEFIT?
• Medical professionals, partners and owners
• Health professionals, partners and owners
• Investment representative, financial representative, insurance broker, real estate broker
• Controllers, accounting managers, accounting supervisors of companies and corporations
• President, Vice President of Finance and financial managers of businesses and corporations
• Treasurers of businesses and corporations
• Self- employed business owners, independent contractors
This topic is important to business owners and other individuals because it provides information to assist in 2018 income tax planning for investments, operating budgets and after tax ROI.
• Obtain a comprehensive understanding of 30 major tax changes in 2018 that will affect most taxpayers.
• Identify ways to use certain TCJ provisions for the purpose of reducing taxable income.
• Review ways to plan against the loss of certain tax benefits.
• Review ways to transition tax laws into tax strategies.
• Gain an understanding of the tax advantages of investing in business insurance for closely held companies
• Discover a method of unlocking tax deferred losses in stock wash sale transactions
• Business restructuring to take advantage of graduated tax rates
• Comparison between 2018 and 2017 tax rates for businesses, individuals and trusts.
• Review of 30 major tax changes in 2018 which affect both business and individuals.
• New Section 1031 Like-kind Exchange rules
• New rules related to unreimbursed employee business deductions
• Survival of the specific identification stock matching.
• Inherent tax breaks advantages of captive business insurance
• Medical professionals, partners and owners
• Health professionals, partners and owners
• Investment representative, financial representative, insurance broker, real estate broker
• Controllers, accounting managers, accounting supervisors of companies and corporations
• President, Vice President of Finance and financial managers of businesses and corporations
• Treasurers of businesses and corporations
• Self- employed business owners, independent contractors
Speaker Profile
Mr. E. Pete Lewis is a principal at Lewis & Associates Tax Planning, Inc., (LATP) in St. Charles, Illinois. He is a CPA and Enrolled Agent Admitted to Practice Before the IRS. He organized LATP in 2008 after spending 30 years working in tax management positions for Chicago area law firms, public accounting firms and corporations. Mr. Lewis is also an Adjunct Professor at DePaul University’s School of New Learning and University of Phoenix Business School, Chicago on-ground campus. LATP provides tax planning, compliance, IRS debt resolution and audit representation before federal and state tax authorities.
Upcoming Webinars
2-Hour Virtual Seminar on How to Conduct an Internal Harass…
FDA Audit Best Practices - Do's and Don'ts
Emotional Intelligence: Mastering the Emotions of Great Lea…
Accounting For Non Accountants : Debit, Credits And Financi…
Successful Strategies for FDA Expedited Pathways for Your D…
Regulation update Q1 2025: New and Proposed Regulations for…
Unlock Employee Loyalty: Stay Interviews Will Keep Them Eng…
Designing Employee Experiences to Build a Culture of Compli…
Pay Transparency in Action: Strategies for Building Trust a…
Developing and Implementing Quality Culture in the Organiza…
Excel Lookup Functions: VLOOKUP, HLOOKUP, and XLOOKUP Made …
Reinvent Your Business with the Power of AI
Tips and Techniques for Conducting an Effective Fraud Risk …
Break Free from Toxicity: Reclaim Your Power and Peace
Physician Employment Agreements: Problem Areas that can be …
FDA Regulation of Artificial Intelligence/ Machine Learning
Measure the Effectiveness of Compliance Programs by Engagin…
Quality Management Systems and Data Integrity
Onboarding Best Practices for 2025: Proven Strategies to Po…
Navigating 2025 Employment Laws: What Every Employer Needs …
Cleaning Data without Complex Functions - A Course for Data…
Implementing an Effective Human Error Reduction Program
Succession Plan for 2025: It's Not Just for Emergencies - I…
Employers Should Prepare for Immigration Raids in 2025! Thi…
Managing Toxic Employees: Strategies For Leaders To Effecti…
Using High-Performance Coaching for Managers to Address Per…
Principles & Practices for the Cybersecurity of Legacy Medi…
6-Hour Virtual Seminar on Learning the Highlights of Excel …
Reduce Stress in the Workplace: Effective Ways to Handle Co…
ChatGPT and Project Management: Leveraging AI for Project M…
How to Lead and Manage a Narcissistic Manager
Stress, Change And Team Resilience Through Humor: An Intera…
GAAP—Update on new Accounting Principles and How They Impac…
How to Manage the Legal Landmine of the FMLA, ADA and Worke…