2018 Year-End Tax Planning for Privately-Held Companies (Part 1)

Posted on

In 2018, tax planning is more complicated than usual. Most provisions of the massive Tax Cuts and Jobs Act (TCJA) go into effect this year, and as a result you likely will need to change at least some of your tax planning strategies.

In this Webinar, recorded live on October 17th, 2018, AAFCPAs Richard Weiner, CPA, MST, Dave McManus, CPA, CGMA, Dan Cahill, CPA, and Bella Amigud, CPA, MST provide business owners, executives, and their business advisors with an essential overview of 2018 and 2019’s top year-end tax planning tips, as well as recommendations for on-going, year-round planning.

This OnDemand webinar covers:

  • How the decrease in tax rate impacts choice of entity
  • The impact of new regulations, including:
    • Meals & entertainment
    • Limited interest deduction
    • Depreciation changes
    • Uniform Capitalization (UNICAP)
    • Accounting method change procedures, and Form 3115, Application for Change in Accounting Method
    • Taxability of qualified fringe benefits
    • Changes in cash basis limits
    • And more…
  • Repatriation tax on foreign earnings, or Sec. 965
  • Q&A

Download the slide deck here.

Watch Webinar

Although you can’t avoid taxes, you can take steps to minimize them. AAFCPAs’ 2018 3-Part Tax Planning Webinar Series provides an overview of some of the most significant TCJA changes and their potential impact on tax planning. The combined impact of these changes will ultimately determine whether you see reduced taxes. It will also dictate which tax strategies will make sense for you this year, such as the best way to time income and expenses.

Learn more about Part 2 for Privately-held Companies, and Part 3 for Individuals & Families.


About the Authors

Richard Weiner

Richard Weiner, CPA, MST, CM&AA

Rich has more than 35 years of broad tax experience with a specialty in tax planning and consulting for private and publicly held national and multi-national businesses. He has expertise advising software, biotechnology, medical device, life science, manufacturing, retail, professional service, and publishing industries. Rich helps AAFCPAs’ corporate clients streamline their operations, maximize tax savings, and ensure regulatory compliance. His strategic tax recommendations consider each company’s specific financial circumstances, business operations, and goals. This may involve …
David McManus

David McManus, CPA, CGMA

Dave leads AAFCPAs’ national Cannabis Business Practice, and has been deeply immersed in understanding the complex financial and operational nuances of the industry since 2012. His subject matter expertise was sought by the U.S. Treasury and Senate Finance Committee for guidance on critical considerations regarding the 280E transition following DEA rescheduling news. As a key advisor through the AICPA, Dave and his cannabis team provides insights to shape regulatory guidance on this issue. He provides highly …
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, …
Amigud-Bella

Bella Amigud, CPA, MST

Bella delivers compliance and tax planning solutions for privately-held companies in a variety of industries, including life sciences, health tech, high tech, software, green tech, clean tech, retail, and private equity. She specializes in advising clients on international, federal, and multi-state taxation. Bella advises multi-national clients on the implications of cross-border transactions, including: initiation of U.S. or foreign operations, income tax nexus, filing options, tax credit rules, global intangible low-taxed income (GILTI) and foreign-derived intangible income …