What Every Business Owner Should Know About the 2018 Tax Year Legislation
The Tax Cuts and Jobs Act hit the reset button on business planning. Conventional thinking no longer applies since C corporations will have the lowest rate of tax (21%). This program will discuss the business provisions that were included in the December 2017 legislation with a focus on the planning opportunities that were created and the strategies that no longer work. Particular emphasis will be on the new 20% deduction for pass-through entities, amongst other provisions.
These provisions will impact the choice of entity planning, the type of business sale alternatives and general business tax planning.
Phillip L. Jelsma of Crosbie Gliner Schiffman Southard & Swanson LLP
When you need someone who knows how to build a strong legal foundation for your real estate project, look to Phil Jelsma. Phil applies his strategic advice, tax counsel and transactional support on entity formation and joint ventures to protect your interests, minimize your tax liabilities and ensure the long-term success of your project.
With nearly 30 years of experience in structuring sophisticated real estate and business transactions, Phil brings to CGS3 a deep knowledge of real estate exchanges, syndications, nonprofit corporations and international tax planning. His practice focuses on limited liability company (LLC) and partnership business and tax planning, with an emphasis on real estate and nonprofit corporations.
Phil’s extensive experience supporting corporate mergers and acquisitions includes representing buyers and sellers in consolidations, stock and asset purchases, management buyouts, and related transactions. He also advises on entity formation, fiduciary duties, inter-partner relationships, the issuance of stock and other ownership interests, recapitalization and reorganizations, officer and director issues, corporate governance, stock option and appreciation rights plans, and contract preparation.
CEPAs receive 0 CE credit
CPAs receive a certificate for 0 CPE credit