2025 Mid - Year Tax Update: Planning for Individuals WEBCAST
Overview
The new administration has proposed significant tax policy changes that may impact individual taxpayers and financial planning strategies. This course provides tax practitioners with essential updates on recent legislation, regulatory changes, and potential future reforms. Participants will explore the implications of proposed tax cuts, adjustments to Social Security and retirement taxation, and potential modifications to deductions and credits. The course also examines ongoing discussions about IRS restructuring and the expansion of tax incentives for American businesses and families. With a focus on practical strategies, this course equips tax professionals with the tools to help clients prepare for these changes before year-end. Whether addressing Form 1040 issues, capital gains planning, or income and estate tax considerations, participants will gain insights to help clients make informed decisions.
Highlights
Legislative changes affecting business tax planning. Depreciation, start-up expenses, and profit motive considerations. Employee classification, compensation, and benefits. Business use of home, vehicle, and meals/entertainment deductions. Cryptocurrency taxation and cannabis industry tax concerns. Section 199A deduction and penalties related to business operations.
Prerequisites
Basic understanding of individual taxation.
Designed For
CPAs, EAs, attorneys, financial planners, insurance agents, and bankers.
Objectives
Analyze major changes to the Internal Revenue Code affecting business taxation. Develop tax planning strategies to optimize clients’ business operations under current tax laws. Evaluate potential tax changes under the new administration and their implications for businesses. Advise clients on employee classification, compensation, and retirement plan considerations. Explain business-specific tax issues, including depreciation, start-up expenses, and home office deductions. Assess compliance requirements related to penalties, health insurance, and business use of vehicles.
Preparation
None.
Notice
None.
Leader(s):
Leader Bios
Arthur Werner, Shareholder, Werner-Rocca Seminars Ltd
4.94 stars out of 5 - speaker rating for 2019
“Art Werner is a great speaker. Smart and entertaining.”
“Very well done! [Art Werner is] engaging and answered questions.”
“Great use of examples [by Art Werner], made the day fly by.” - past attendees
Non-Member Price $159.00
Member Price $129.00