The Next Decade for Business Following Tax Reform Webinar

Apr 15
1:00 - 3:00 p.m.

Online

2-A&A
CPE Credits

This new program examines the major provisions of the Tax Cuts and Jobs Act (TCJA) and their impact on different industries. The analysis includes the key role that taxes play in economic policy, the stated goals of the TCJA, specific provisions, and recent results. Looking into the future, the session reviews surveys concerning both near and long-term trends that may impact businesses. The stated goal of the Tax Cuts and Jobs Act is to stimulate the U.S. economy after a long, but slow economic recovery from the Great Recession. The changes include significant cuts in corporate taxes, provisions for earnings from activities outside the U.S., and lower taxes for the majority of individual filers. As with all tax changes, the TCJA is based upon economic assumptions, but has resulted in significant accounting changes for both corporations and individuals. It’s further complicated since some provisions for corporate taxes phase out and individual provisions sunset. The goals of this session are to provide CPAs with an understanding of tax policies; highlight the major provisions in the TCJA and their impact by industry; identify near and long-term concerns and trends that can shape the business environment; and discuss potential actions for management.
Highlights

The Difficulty of Forecasting: The role economic forecasts play in tax policy and recent well-known forecasts that were wrong and why
Taxes and Economic Policies: Composition of U.S. economy; fiscal and monetary policy; brief history of economic and tax policies; the U.S. economy in 2017
Provisions of the TCJA: Major changes for businesses; selected changes for individuals; stated goals of TCJA; impact of the changes by industry
Early Results: Factors affecting capital spending and recent uses of tax savings by corporations
CEOs’ and CFOs’ Concerns: Summary of surveys focused on near and mid-term concerns; specific trends and business topics; suggestions to improve future corporate performance
Long-Term Trends: Trends/events that may shape the business environment and what they can mean to your organization

Registration

PICPA Member: $89
Nonmember: $114

More Information

Course No. NDBF-2020-01-WEBNR-105-01 Level: Intermediate

Prerequisites: Experience and/or exposure to financial management

Notes
This webinar is hosted by PICPA's partner, Surgent CPE. After registering, you will receive an email from Surgent CPE with the log-in information.