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Watch Now: AAFCPAs' Business Tax Webinar

As 2023 draws to a close, we invite our valued business clients and friends to proactively assess their full financial picture to strategically plan their year-end tax optimization. It’s crucial to note that the majority of tax-saving strategies require implementation on or before December 31. AAFCPAs is poised to assist you in minimizing your tax liabilities, and we eagerly anticipate guiding you through the upcoming 2023-2024 tax season, ensuring a seamless and advantageous transition into the new fiscal year.

Tax strategies covered in this webinar included:

Federal Taxation

  • Tax Credits
    • Employee Retention Credit: Do you qualify?
    • Research and Development Credits
    • New Energy Credit Opportunities
    • Other Federal Credits
  • Section 174 Research and Experimental Expenditures
  • Net Operating Loss Use and Limitation
  • SALT Deduction Limitation Workarounds
  • New IRS Funding

State & Local Taxation

  • Significant Legislation/Cases on State Corporate Income Tax Along With Sales and Use Tax
  • Updates From the Multistate Tax Commission
  • Conformity of the States with Federal Tax Legislation
  • Impact of Remote Workers
  • Expansion of Sales Tax Nexus and Tax Base
  • Pass-Through Entity Taxes
  • State Credit and Incentive Programs
  • State Tax Issues for Nonprofit Entities
  • Canadian Tax Considerations

International Taxation

  • Tax Reporting Issues Related to Foreign Person’s U.S. Source Income Subject to Withholding
  • Schedules K-2s and K-3s for Partners and Additional Compliance Related to Foreign Partners
  • FBAR and Form 8938 Compliance Considerations
  • Permanent Establishment and Nexus Issues in the U.S. and Abroad
  • Form 1120Fs and Protective U.S. Returns for Foreign Companies
  • FINCEN Beneficial Owner Information Reports
  • Additional International Tax Compliance and Planning Considerations

Speakers (L-R): Richard Weiner, CPA, MST, CM&AA, Michael Ratti, CPA, MST, Christian Petruzzelli, CPA, MSA, Kelly Zack, MST

Webinar OnDemand

Download AAFCPAs’ Business Tax Webinar slides here. >>

About the Authors

Richard Weiner, CPA, MST, CM&AA
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.
Michael Ratti, CPA, MST
Mike provides proactive international, federal, and state & local tax strategic planning, compliance, and business advisory services to multi-state and multi-national businesses in a variety of industries. He advises clients on the tax implications of business legal structures, including how income, gains, losses, deductions, and credits are allocated to partners and investors. He has extensive experience advising C corporations, S corporations, and partnerships on the constantly evolving landscape of US state and local taxation, including sourcing and nexus analysis, apportionment, and allocation of both tangible and service-based revenue streams. He is also a member of AAFCPAs international tax team advising multi-national clients on cross-border transactions, including those subject to the transition tax, global intangible low taxed income (GILTI), foreign derived intangible income (FDII), and base erosion anti-abuse tax (BEAT).
Kelly Zack, MST
Kelly Zack, MST
Kelly is a senior leader in AAFCPAs’ Commercial Tax practice. She advises individuals, partnerships, corporations, and trusts operating in multiple states and municipalities on opportunities to save tax dollars through advanced tax planning and risk mitigation. She enthusiastically assists AAFCPAs clients in identifying all location-specific tax incentives and credits which could have a major impact on business entities and their owners.