President Trump has signed the Tax Cuts and Jobs Act (the Act), the most significant overhaul of America’s tax system in decades.
While simplification, a stated goal of the reform, may have been achieved for some Form 1040 filers, manufacturers will need to navigate a maze of new, complex and interrelated tax provisions. The sooner you can understand these changes the sooner you can adapt and maintain your competitive edge in the marketplace.
This webinar led by Baker Tilly tax professionals highlights the tax reform provisions which impact manufacturing companies operating in C corporation structures, as well as flow-through tax structures. The presentation also covered aspects of international tax reform that will affect multinational manufacturers.
The program also discusses key tax provisions in the Act and areas of the law that have the most significance for manufacturers. Topics for discussion include:
- Repealed provisions formerly benefiting manufacturers
- New provisions which provide for reducing taxable income
- International tax shift to a territorial regime with the level-setting repatriation (or transition) tax
Baker Tilly presenters:
- Lynette Stolarzyk, JD, LLM, Principal – Center for the Return Manufacturing International Tax Leader
- Mark Bakko, CPA, MBT, Partner – Tax
- Dave Gette, CPA, Tax Director
- Chris Schleicher, CPA, MBT, Tax Manager
For more information on this topic, or to learn how Baker Tilly manufacturing specialists can help, contact our team.
The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely. The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.