Date: February 11 , 2025  

Time: 1pmET | 12pm CT | 11am MT | 10am PT

Duration: 90 Minutes

Description:

On January 20, 2025, President Donald J. Trump was inaugurated as the 47th president, ushering in a wave of significant policy changes. Promising tax cuts, tariff increases, regulatory rollbacks, and more, these shifts will have a profound impact on businesses and tax strategies.

This CE course offers an in-depth analysis of the early tax policy changes and executive orders introduced by the new administration, focusing on their implications for tax practitioners and their clients. Participants will examine key legislative updates, including the Tax Cuts and Jobs Act (TCJA), the reconciliation process, and changes within the IRS workforce. Tailored for accounting and tax professionals, this course provides practical strategies to navigate uncertainties and capitalize on emerging opportunities in an ever-evolving tax landscape.

We’ll also discuss the effects of the IRS hiring freeze and remote work policies on efficiency, the potential outcomes of debt ceiling negotiations, and proposed bipartisan tax reforms that could reshape financial strategies. With political and economic factors constantly influencing tax policy, it’s essential for practitioners to stay informed and prepared to safeguard their clients’ interests.

Major Topics:

• Current Composition of Congress
• The Reconciliation Process
• Updates to the Tax Cuts and Jobs Act (TCJA)
• New and Proposed Tax Bills
• Executive Orders
• The New IRS Commissioner

Learning Objectives

• Understand the reconciliation process and its role in advancing tax-related legislation.
• Identify the impact of IRS workforce changes on tax practices and client services.
• Evaluate the potential effects of proposed tax legislation, including changes to the SALT cap and child tax credits.
• Analyze how political dynamics and narrow Congressional majorities influence tax policy outcomes.
• Develop strategies to mitigate risks and address client concerns during periods of legislative uncertainty.

Join us for a comprehensive look at the latest tax and policy trends, gaining actionable insights to refine your advisory strategies. Whether you’re a tax professional, financial expert, or business owner, this course will provide essential updates to help you stay ahead and proactive.

Credits and Other information:

• Recommended CPE credit – 1.5
• Recommended field of study – Taxes
• Session Prerequisites and preparation: None
• Session learning level: Basic
• Location: Virtual/Online
• Delivery method: Group Internet Based
• Attendance Requirement:  Yes
• Session Duration: 90 Minutes

Who Will Benefit:

• CPA
• Enrolled Agents (EAs)
• Tax Professionals
• Attorneys
• Other Tax Preparers
• Finance professionals
• Financial planners

About Our Speaker

Nicholas Preusch , CPA (US),
Nicholas has worked with the Internal Revenue Service as a Revenue Agent and an Attorney with the IRS Office of Professional Responsibility. Nicholas has authored publications for the AICPA’s Journal of Accountancy, AICPA’s Tax Advisor, NATP’s Tax Pro Journal, and CCH’s Journal of Tax Practice and Procedure.