The New Tax Playbook: Modeling, Trade-Offs, and Smarter Client Advice

Overview

Laurie Smith, Tax Partner at Wiss & Company, LLP, outlines how recent tax reforms require a shift from compliance to strategic advisory. This session explores key provisions and how they interact to impact planning. Attendees will learn to identify modeling risks, clarify client misconceptions, and recognize when deeper analysis is needed to guide smarter, multi-year tax decisions.

Highlights

Prerequisites

Work experience in tax planning or tax compliance, or an introductory course in taxation.

Objectives

• Identify key tax reform provisions impacting R&E capitalization, bonus depreciation, and interest deductibility
• Recall when and why to engage specialized tax advisory resources for complex client situations
• Recognize common client misconceptions and oversimplified modeling approaches related to Sections 174, 168(k), and 163(j)
• Identify how tax planning strategies differ between entity types

Preparation

None.