When clients ask questions about the impact of new tax legislation embodied in OBBBA, it is important that accounting and finance practitioners can reply with accurate and relevant planning strategies. This program prepares accounting and finance practitioners with the knowledge and insights to help their clients apply the new law to their advantage. This program is an introduction and review of some of these critical changes and their impact on individual and business taxpayers. By taking this program, accounting and finance practitioners will have a broader, deeper understanding of many of the OBBBA changes that impact their clients. This course is a two-hour review and analysis of what we consider some of the most important changes from the OBBBA impacting clients and perhaps their businesses.
Learning Objectives
- Understand the many new tax changes taking place as a result of OBBBA
- Advise clients with regard to planning strategies they could profitably adopt in light of the OBBBA changes
Major Topics
- Bonus and Section 179 depreciation
- Depreciation of qualified production property
- The business interest deduction
- Tax on excess compensation within tax-exempt organizations
- Excise tax on investment income of private colleges
- ABLE accounts and the Saver’s Credit
- Child Tax Credit
- Casualty losses
- Other crucial OBBBA provisions
