AAFCPAs’ 2-Part Tax Planning Webinar Series Highlights Tax-Reduction Strategies Available Under the TCJA

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As we approach the second tax filing season under the monumental Tax Cuts & Jobs Act (TCJA), we now have a clearer and broader view of what the future holds for businesses, individuals, tax exempt and government entities. This view includes insight into opportunities and pitfalls to consider for 2019-2020.

To help you familiarize yourself and begin to identify strategies that might work for you, AAFCPAs is pleased to present a timely, 2-Part Webinar OnDemand Series featuring some of the most significant TCJA changes and their impact on tax planning.

Webinar OnDemand – 2019 Year-End Tax Planning for Privately-Held Companies

Webinar OnDemand – 2019 Year-End Tax Planning for Individuals

Members of AAFCPAs Tax Practice explain the following tax-reduction strategies for businesses and individuals.

Privately-Held Companies

  • Select a tax-advantaged business structure
  • Deduct all eligible business expenses
  • Accelerate or defer income
  • Use a tax-smart depreciation method
  • Qualify expenditures as repairs
  • Take advantage of the expensing provision
  • Choose tax-saving employee benefits
  • Use a net operating loss to your tax advantage
  • Plan for Multi-State and Local taxation, including the impact of the Wayfair decision
  • Understand updates to international provisions
  • And more…

Individuals & Families

  • Accelerate or defer income
  • Maximize or bunch deductions
  • Watch out for Alternative Minimum Tax (AMT) triggers
  • Time capital gains or losses
  • Incorporate tax planning into your estate plan
  • And more…

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Although you cannot avoid taxes, you can take steps to minimize them. This requires proactive tax planning, including estimating your tax liability, looking for ways to reduce it, and taking timely action.

We welcome the opportunity to help you map out a tax plan that takes full advantage of all strategies available to you.