Tax Reform!

Tax Reform Webinar: Presented by MEA Member, Smith Schafer Associates 

The new tax reform law is the most significant tax legislation in decades. Now businesses and
individuals are trying to digest the details and evaluate how the changes will impact their tax situation. Fortunately, Smith Shafer can help you figure things out. 

Smith Schafer's Tax Manager, Kyle Spicer, will discuss what we know now about the new tax law,
how key components should be interpreted, the impact of recent guidance and much more!

Topics to be discussed include: 

• The new depreciation and accelerated expensing rules
• Sales tax update per the Wayfair decision
• Changes to meals/entertainment and employee benefits
• Applications of the pass-through income deduction
• Entity choice: pros and cons of converting to a C corporation
• Changes to itemized deductions
• Minnesota non-conformity to the federal changes
• Changes in accounting methods: cash basis, UNICAP and completed contract