As the single most significant overhaul of the United States tax code in the last three decades, the Tax Cuts and Jobs Act of 2017 is not only hotly debated, but includes provisions for the tax code, treasury regulations, IRS forms, instructions, federal court decisions, and more that affect all aspects of the current American economy.
While the tax reform was made into law in 2017, it didn’t affect Americans in their 2017 tax returns. Instead, the changes will become relevant as individuals, businesses, and corporations file their 2018 returns this coming tax season.
From exemptions and corporate taxes to pass-through businesses, the new tax requirements will have a significant effect on the long terms growth of the economy, and you need to be prepared so you can make the smartest decisions for your bank or credit union. To help you understand what you need to know and how you should proceed, we’ve teamed up with our friends at Cherry Bekaert, one of the Top 30 accounting firms in the US, to outline where you can, and should, make changes within your financial institution.
Want to get the latest updates on how the Tax Cuts & Jobs Act of 2017 is affecting you? See what our latest webinar includes below:
Decode the Tax Cuts and Jobs Act of 2017 & Learn:
- Overview of Tax Cuts and Jobs Act of 2017
- Understanding of cost segregation and best practices
- Discuss tangible property regulation
- Explore 1031 exchange options
- Share insight on qualified opportunity zones
Meet your speaker: Ronald Wainwright, CPA
Tax Partner, Cherry Bekaert
A Tax Partner with more than 25 years of experience in the area of taxation, Ron serves a diverse client base including multi-national, public and closely held companies. Clients who rely on Ron’s guidance inhabit a number of industries including manufacturing, distribution, technology and life sciences, real estate and construction, and private equity. Based in the Firm’s Raleigh office, Ron guides clients through a number of taxation matters including international and domestic tax provisions, FIN 48, tax controversy and complex transactional matters. National Leader of Cherry Bekaert’s Credits & Accounting Methods practice, Ron has extensive practical experience bringing value to clients. He is also a member of THInc, the Firm’s specialty practice focused on guiding growth through innovation. Clients in the Technology, Health & Life Sciences, and Industrial sectors depend on Ron to help them maximize opportunities for innovation.