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AAFCPAs’ Richard Weiner and Daniel Cahill to Co-Present Tax Act Briefing: Choice of Entity After the TCJA

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Richard Weiner & Dan CahillAAFCPAs’ Tax Partner Richard Weiner, CPA, MST, Tax Manager Daniel Cahill, CPA, and Joseph B. Darby III, a Partner in Sullivan & Worcester’s Boston office, will present an educational briefing on September 26th from 4:00pm-5:45pm on the topic of Choice of Entity After the 2017 Tax Act: The Popular Passion for Pass-Through Entities May Be Kaput.
The Tax Act introduced major changes to the U.S. federal income taxation of business entities. The C corporation tax rate dropped from a painfully high 35% rate to a more congenial 21% rate, thus ending, for now, the stampede of U.S. companies to offshore jurisdictions. Meanwhile, the “qualified business income deduction” (QBI deduction) provides a major reduction in the tax rate imposed on U.S. domestic pass-through entities – which is to say, the tax rate for almost every privately owned U.S.-based business.
With all these changes, the operative question is: “Which entity is now better?” The short answer is: “It depends.” The longer answer is: “The analysis is interesting, complicated, often times counter-intuitive, and in almost all cases the analytical process no longer produces a simple answer.”
Come join our knowledgeable and experienced panel of experts as we discuss the pros and cons of C corporations, S corporations, LLCs, and other business entities and discuss how to pick the “right” business entity to fully exploit all the generous benefits of the new tax regime, particularly the complicated but potentially lucrative QBI deduction.
Date: September 26th, 2018
Time: 4:00 PM – 5:45 PM
Location: Sullivan & Worcester Conference Center, Boston, MA

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About the Authors

Richard Weiner, CPA, MST
Rich has over 30 years of broad tax experience with a specialty in tax planning and consulting for private and publicly-held businesses. Rich has specific expertise in the Software, Bio-Technology, Medical Device, Life Science, Manufacturing, Retail, Professional Service and Publishing industries, as well as U.S. aspects of international taxation. He works extensively with European companies expanding into the U.S. market. Additional areas of focus include companies and stockholders in transition, including structuring of and planning for Mergers & Acquisitions, planning for changes in ownership and management, and adoption of tax methodologies with a view toward the long term. He is well known in his field and is a frequent speaker on a variety of tax related topics.
Daniel Cahill
Daniel Cahill, CPA
Dan has extensive experience in federal, state and multistate corporate taxation.  He delivers compliance and tax planning solutions for a variety of sophisticated privately-held C Corporations, S Corporations, and Partnerships, as well as high-net-worth individuals. Dan specializes in multistate taxation, including: state and local tax (SALT) analysis, sales and use taxes, determining nexus, accounting for income taxes (ASC 740), and negotiating voluntary disclosure agreements.  He also advises clients in partnership compliance, including analysis of partner allocations, taxability of distributions and deductibility of pass-through losses. Dan’s depth of expertise ensures that the firm’s emerging and growth-stage clients are fully compliant with multistate tax laws and regulations while optimizing tax strategies. He has been serving AAFCPAs clients since 2012.