Please register for this recorded ATA webinar.
Webinar Description:
It's been almost a year since the Tax Cuts and Jobs Act was signed into law, marking the first successful comprehensive tax reform effort in over three decades. The sweeping changes to both personal and corporate tax rates will have a major impact on the trucking industry, with most companies seeing a net benefit from the reduction in tax rates. The IRS issued proposed regulations for implementation of the new law earlier this year. One of the most complicated provisions of the new law, 199A, is the qualified business income (QBI) deduction for pass-through businesses, a popular entity for trucking companies.
Topics to be addressed include:
- QBI overview
- QBI and suspended losses
- Proposed regulations
- Aggregation rules
- Specified Service or Businesses (SSTBs)
About the Presenters:
Randy Hooper, Director, Business Advisory Group, Katz, Sapper & Miller
Randy Advises clients regarding corporate structure, strategic tax planning, and provides general business guidance. He also oversees the preparation of business and individual tax returns. Randy's expertise includes operational analysis, business projections, and advocacy in IRS matters. Randy has significant experience in auto dealerships, agriculture, and professional sports franchises, his primary focus is on the transportation industry. He has more than 13 years of experience as a member of the firm's Transportation Services Group. Randy received a Bachelor of Science degree in accounting from the University of Indianapolis. Randy is a member of the American Institute of CPAs, the Indiana CPA Society, the New Jersey Motor Truck Association, the Trucking Association of New York, the Traffic Club of New York, the Tennessee Trucking Association, and the American Trucking Associations.
Charles Decker, Director, Tax Services Group, Katz, Sapper & Miller
Charles provides technical review of federal income tax issues, identifying innovative solutions to minimize taxes while ensuring compliance for the firm's clients. Additionally, he monitors tax legislation and emerging tax issues, serving as a resource for KSM staff. Charles received a Bachelor of Science degree in accounting and professional services from the University of Southern Indiana as well as a Master of Science degree in accounting from Ball State University. Charles is actively involved in various local hockey leagues.
National Accounting and Finance (NAFC) members are eligible for an hour of CPE credit for attending this webinar. For details on the CPE and membership, email nafc@trucking.org.
This is a "Group Internet Based" offering and no prerequisites are required. NAFC is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State Boards of accountancy have final authority on the acceptance of individual courses for CPE credit Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Ave North #700, Nashville, TN 32219.
**NOTICE: ATA webinars are strictly educational for our members, and are not press events. The information contained in this webinar is not intended for, nor should it be used in, the production, editing or creation of news or analysis pieces. Participants are also forbidden from using them as background for published materials, white papers or other communications. Therefore, the contents of this webinar are strictly embargoed and off the record.