Insights : Webinar

Tax Reform Series - Accounting Methods and Cost Recovery Considerations

Course Description:
Congress has passed the largest and most comprehensive tax reform legislation in the past 30 years. Businesses and individuals alike are trying to figure out the tax implications and what this means for them in their current situation and moving forward. Many are asking for the basics of what's included in tax reform – what can I do now to save money, what deductions should I take advantage of, what strategies do I need to consider in the future and what am I not considering, that I should be. Our upcoming webinar series aims to arm you with the information and resources to navigate the new tax world.

Join us for one or all of our Tax Reform Update webinars. During these updates we will explore the key provisions, effective dates, how the current plan impacts you, and possible action items and next steps.

Learning Objectives:

• Review accounting method opportunities and revised thresholds for small businesses
• Discuss cost recovery changes to farming businesses
• Review asset classifications to recovery periods including the expiration of qualified leasehold improvement property and what that may mean
• Discuss modifications to increased expensing provisions including bonus depreciation and section 179
• Revisit how the modifications to the tax law may impact the tangible property regulations
• Discuss revisions to what may be deducted as meals and entertainment expenses
• Discuss proposed extenders legislation and the impact on energy efficient provisions

Presenters: Andrea Mouw and Julie Helms
Andrea Mouw, JD, Principal

Andrea has more than 11 years of tax experience including federal, state, and international tax issues. She provides technical analysis and assists clients in resolving accounting method issues related to income and expense recognition, capitalization, cost recovery and inventories, including identifying and adopting appropriate accounting methods and filing accounting method change requests (Form 3115). Andrea also provides guidance regarding the Section 199 domestic manufacturing deduction and is familiar with the rules regarding the taxation of financial products and alternative investments.

Julie Helms, CPA, Senior Manager
Julie has more than nine years of accounting experience, including significant expertise in capitalization and repair and maintenance, and is currently responsible for the cost segregation practice within the firm. She has in-depth knowledge of the tangible property regulations and had significant responsibility in the implementation of the regulations within the firm. Julie works with clients, client relationship managers, construction companies, project managers responsible for remodels, store personnel and engineers.

CPE Information
CPE Hours: 1 Hour
CPE Category: Taxes

Additional Information:
These are live-group seminars. No prerequisites or advanced preparation required. For information regarding refund, complaint and program cancellation policies, please contact Jason McKeever at 701.476.8773.

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