Business Boot Camp - New Tax Laws and How They Will Impact Your Small Business

Description

New Tax Laws and How They Will Impact Your Small Business

In 2018, significant tax changes will be rolled out for Small businesses.  During this session you will learn 7 tax saving strategies that could benefit your business:

• Choosing the right entity type (C corp vs. S corp) to take advantage of the lower tax rates
• Maximizing the new 20% business income deduction
• Accelerating deductions for new equipment purchases
• Strategies to deduct building improvements (including HVAC and roofing)
• Strategies to deduct company vehicles
• Planning for expenses that are no longer deductible for tax purposes
• Taking advantage of charitable giving in spite of the $24,000 standard deduction

 Tim Hilterman, CFP, serves on the Wealth Management side of Whitcomb & Hess.  He has 10 years of experience in the Financial Services Industry and finds his purpose in making a positive impact in the lives of those he serves.  He holds an MBA and recently achieved the Chartered Advisor in Philanthropy designation from the American College.

 Neil Hinkle, CPA joined Whitcomb & Hess in 2006.  With a bachelor's degree in accounting and an associate's degree in computer information systems, he translates his technical knowledge into practical solutions for small business clients.  He brings a consultative and proactive approach to personal and business financial statements and tax preparation.