Impact of 2018 Tax Cuts and the Jobs Act on Corporations, Shareholders and Employees

• Discover how the new tax act affects the tax liability of corporations and individuals.
• Identify tax minimization strategies regarding corporate and individual tax rates
• Recognize how to minimize taxable income through the acquisition of business assets eligible for immediate expensing and bonus depreciation
• Explore how foreign sourced income is taxed
• Explore how the Qualified Business Income Deduction affects the choice of business entity decision.
• Recognize the impact of the new tax law on the financial statement tax accrual.li>
• Identify the new limits placed on business and individual deductions.
• Discover the new tax credits available to businesses and individuals.