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Audio & Reference Manual

The Tax Reforms Impact in the Workplace

The Tax Cuts and Jobs Act is the most significant tax reform in decades - prepare your business to take advantage of the changes. These reforms will impact day to day business operations for many companies. Business professionals need to understand the changes, how they impact their business and how to explain the changes to their company and employees. This information will provide the tools and information necessary for individuals tasked with managing the employees of a business to be equipped to handle the recordkeeping, tax reporting and other changes that are required under the TCJA. This topic will explain the changes most relevant to the workplace in a manner that is easy to digest, and most importantly, easy to explain to those impacted. Further, the information will explore various planning opportunities to make the most out of the new deductions, credits, and potential tax savings opportunities available for businesses of all sizes and industry. With many questions about the changes related to the TCJA and subsequent corrections, it is imperative for business professionals to understand the IRS and Treasury's position on these issues, as well as how to prepare your business to take advantage of the changes.
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Individual Taxation Changes
  • Informing Your Employees of Individual Tax Rate and Withholding Requirements
    • Most Employees Will Have Noticed a Change in Their TakeHome Pay Starting in January of 2018. Learn to Understand These Changes so You Can Explain Them to Your Employees and Make Withholding Adjustments, If Necessary
  • Supplemental Wage Withholding
    • New Limits and Withholding Requirements for High Wage Earners May Impact How Your Business Needs to Present Executive Compensation Plans and Will Color Discussions With Current High Income Employees Regarding Payment Structure
  • New Form W-4
    • Understand the Changes to the New Form W4 to Be Able to Properly Assist Employees in Determining Their Appropriate Withholding to Avoid Undesirable Consequences at the End of the Year
Business Taxation Changes
  • New Corporate Rate
    • The Reduced Corporate Tax Rate Will Reduce the Amount of Tax Owed by Corporations. Understanding This Reduction and Your Company's Strategy for Handling the Change Will Be Necessary in Explaining to Employees the Difference Between Their Personal Tax Changes and the Widely Publicized Corporate Rate Reduction
  • Qualified Business Income Deduction
    • For Businesses Operating Other Than as Corporations, Learn to Be Conversant on the New Qualified Business Income Deduction to Explain the Benefits and Limitations to Interest Holders and Executive Team Members of Investing in Assets, Paying Employees' Wages, and Other Considerations
Employee Benefits Changes
  • Changes to the Affordable Care Act
    • The Elimination of the Individual Mandate for the ACA Has Varying Consequences for Individuals and Business Leaders. Knowing These Distinctions Can Help You Provide Explanations to Employees and Assist in Business Planning
  • Fringe Benefit Changes
    • The TCJA Made Significant Changes to the Deductibility of Fringe Benefits. Exploring These Changes Piece by Piece Will Allow You to Revise Company Handbooks and Policies With Confidence, and Have Meaningful Conversations With Company Leadership About the Actual Cost of Employee Benefits
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • NY CLE 1.5 including Areas of Professional Practice 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program format does NOT qualify, nor meet the National Standard for NASBA accreditation.

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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Maggie Hayes

Maggie Hayes

Ogletree, Deakins, Nash, Smoak & Stewart, P.C.

  • Attorney in the office of Bingham Greenebaum Doll LLP
  • Practice emphasizes all aspects of Federal tax, employee benefits and corporate transactions
  • Conducts regular seminars and workshops on numerous topics related to the Tax Cuts and Jobs Act
  • Author of several publications related to the areas of Federal tax and SALT issues
  • Member of the Kentucky Bar and Indiana Bar
  • L.L.M. degree, Boston University School of Law; J.D. degree, Washington & Lee University School of Law; B.A. degree, Bowling Green State University
  • Can be contacted at [email protected] or 502-587-3689
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

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Product ID: 403983
Published 2018
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