Top Business Tax Planning Strategies (BTPS)
2.00 Credits
Member Price $100
Non-Member Price $100
Overview
Tax planning for 2025 is largely based upon legislation contained within the Inflation Reduction Act and the SECURE Act 2.0, that offer new planning options and challenges for businesses in 2025. There are, however, other business tax changes in 2025 that result from different pieces of tax legislation, IRS pronouncements, and court cases that need to be taken into account from a planning perspective. This program analyzes the new opportunities and challenges that these tax changes offer to businesses and their owners that impact 2025 and sometimes later years.
Highlights
- Complying with the beneficial ownership information reporting requirements
- The current status of the Employee Retention Credit Voluntary Disclosure Program
- Using the newly expanded access to business tax accounts for partners and shareholders of S corporations
- IRS guidance allowing car dealers to provide electric vehicle tax rebates upfront to qualified auto buyers
- Monetizing energy credits
- Amortization of research and experimental expenditures
- Dealing with the taxpayer loss in the Tax Court in Soroban Capital Partners requiring managers to pay self-employment tax on certain payments to limited partners
- Contributions to Roth "catch-up" plans
- Roth contributions to a SEP and Simple IRA
- Employer matching contributions to a Roth account
- Section 179 and bonus depreciation
- Roth 401(k) contributions no longer subject to RMDs during the owner's lifetime
Prerequisites
A basic understanding of the tax rules relating to individual income tax
Designed For
Tax practitioners who anticipate advising business clients in 2025 regarding strategies to reduce or eliminate federal income taxation
Objectives
- Advise business owner clients on adopting tax planning strategies that would reduce their tax liability for 2025
Leader(s):
Leader Bios
John Kilroy, Surgent McCoy CPE, LLC
John Kilroy is a managing member of iValue Financial Planning LLC, located in the Philadelphia, Pennsylvania area. John engages clients in financial and tax planning, as well as preparing tax returns for individuals, corporations, partnerships, estates, and trusts. John is a CPA and a CFP® practitioner. He is a 1979 graduate of Villanova University with a BS in Accounting. John is a member of the Pennsylvania Institute of Certified Public Accountants and the Financial Planning Association (FPA). Within the FPA, John has served as a board member of the Philadelphia Tri-State chapter and on its education and finance committees. John is an adjunct faculty member for the Temple University Certificate of Financial Planning Program. He is a frequent speaker and facilitator on tax and financial planning topics. John has been quoted in the Wall Street Journal, MarketWatch.com, and USATODAY.com. He has written for the Journal of Financial Planning, and is a contributor to Retirement Weekly. John has also discussed financial and tax planning issues on various radio outlets.
Non-Member Price $100
Member Price $100