Whitinger & Company recently hosted a free seminar addressing important issues for individuals and businesses. The seminar, entitled Tax Reform: What it means to you personally and for your business was presented at two different times on February 20th from 8:30-10:30 am and again on February 22nd from 8:30-10:30 am. Both sessions were held at Whitinger’s Muncie office and facilitated by Whitinger & Company Member/Owner and tax specialist T.J. Bush, CPA, CFP.
After successfully reconciling different bills passed by the House of Representatives and Senate, respectively, Congress passed the Tax Cuts and Jobs Act of 2017. It is the first major rewrite of the U.S. tax code in more than 30 years and is packed with changes that could have an impact on your individual and business taxes. Whitinger’s seminar provided helpful insights on how these changes could affect you and strategies to maximize your tax savings.
Specific information attendees received at the seminar include:
- A general overview of the new legislation and how it may affect you
- An understanding of the Qualified Business Income Deduction
- How the law impacts entity choice
- An overview of changes impacting depreciation
- Charitable giving strategies to maximize savings
A video recording from the Tax Reform seminar along with printed materials can be accessed at whitinger.com/tax-seminar.