Top Business Tax Planning Strategies After Tax Reform Webinar

Help advise business owner clients to adopt tax planning strategies that would reduce their tax liability based on changes from the Tax Cuts and Jobs Act of 2017

Highlights

Taking maximum advantage of the Section 199A 20% deduction
Consider whether the reduction in C corporation tax rates merits converting to a C corporation
Limit the impact of the new loss limitation rules for taxpayers other than C corporations
Take maximum advantage of the opportunity to deduct research and experimental expenditures
Avoid the limitation on the deduction of net business interest expense by electing ADS depreciation
Minimize the limitation of the deduction of expenses for entertainment and certain fringe benefits
Take advantage of the enhanced ability to use the cash method of accounting
Take advantage of the enhanced ability to use the completed contract method of accounting