Training Doyens is recognized by SHRM to offer Professional Development Credits (PDCs) for SHRM-CP or SHRM-SCP. This program is valid for 1 PDC for the SHRM-CP or SHRM-SCP. For more information about certification or recertification, please visit shrmcertification.org.

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This program qualifies for 1.0 hours of Continuing Education Credit for enrolled agents under Treasury Department Circular #230 Section 10.6(g).

OVERVIEW

The Tax Cuts and Job Act became law on December 22, 2017. It’s considered the biggest tax overhaul since the 1986 Tax Reform Act. The impact of its tax changes will affect business owners and other individual taxpayers. Some will pay more, others less and a few may see no changes. This workshop compares the old laws to the new ones by taking an inside look at the changes.

WHY SHOULD YOU ATTEND

This topic is relevant to small business owners and individuals because it provides information helpful for income tax planning for 2018.

AREAS COVERED

The workshop will examine 30 major tax changes effecting businesses and individuals: 

New Business Tax Provisions

• Corporate tax rates
• Business expensing levels
• Bond provisions
• Net operating losses
• Pass-through business income deduction
• Specific Identification Method for investment portfolios
• New Individual Tax Provisions

Individual tax rates

• Excess itemized deductions
• Education and other tax credits
• Alternative Minimum tax

LEARNING OBJECTIVES

• Gain an understanding of  the difference between  2018 versus 2017 income tax rates
• Obtain information useful in calculating 2018 tax estimates
• Provides an overview of  tax benefits increased and lost in 2018
• Learn about last minute 2017 tax breaks in the Budget Bipartisan Act of 2018

WHO WILL BENEFIT

• Individuals tax filers
• Consultants
• Insurance Brokers
• Investment Representatives

SPEAKER

E. Pete Lewis is a CPA and Enrolled Agent Admitted to Practice Before the IRS. After spending 30 years working in tax management positions for Chicago area law firms, public accounting firms and corporations Mr. Lewis formed Lewis & Associates Tax Planning, Inc. (LATP) in 2008.  LATP, located in Saint Charles, Illinois provides tax planning, compliance, IRS debt resolution and audit representation to business owners and individuals. 

Mr. Lewis earned an MBA in finance from Dominican University in River Forest, Illinois. He is also an Adjunct Professor at DePaul University’s School of New Learning and the University of Phoenix, Chicago on-ground campus.