The Tax Cuts and Jobs Act makes the largest modifications to the Internal Revenue Code since President Reagan’s tax reform in 1986. With the 2017 tax reform comes significant and wide-sweeping changes for the 2017 and 2018 tax years and beyond. Join the experienced tax professionals at HK as they break down the key points of this landmark legislation and how this will affect your practice. They will review both the opportunities and challenges it presents for your individual and business tax and financial situations in the years to come.
- How the new regulations affect your ability to depreciate and expense fixed assets.
- What Qualified Business Income (QBI) is and how the 20% deduction for pass through businesses will be calculated and applied.
- How the new regulations will affect your preferred entity choice (C-corporation vs. S-corporation).
- Major tax code changes all individuals will be subjected to in 2018 and beyond.
Kevin Schmitt, CPA, CFP, Tax Partner, Honkamp Krueger & CO PC
Reggie Rowe, CPA, Senior Accounting Manager, Honkamp Krueger & CO PC
About the SpeakerS:
Kevin R. Schmitt, CPA, CFP®, is a partner at Honkamp Krueger & Co., P.C. (HK). With over 30 years of experience in public accounting, Kevin oversees the Honkamp Krueger tax department. Kevin has tax planning, business advisory, financial planning and accounting experience in a variety of industries including the medical, financial, educational, insurance, wholesale, retail, manufacturing, agribusiness and non-profit industries. He specializes in corporate, partnership, individual tax planning and preparation, estate and trust consulting, business advisory and financial planning. Kevin joined the firm in 1984.Kevin graduated with a B.B.A. in accounting from Iowa State University in Ames, Iowa. He is a Certified Public Accountant (CPA) and Certified Financial Planner™ (CFP®). He is a member of the American Institute of Certified Public Accountants (AICPA) and the Iowa Society of Certified Public Accountants (ISCPA). For community involvement, Kevin is a board member for Every Child/Every Promise and the finance committee chair for St. Joseph the Worker parish.
Reggie L. Rowe, CPA, is a senior accounting manager at Honkamp Krueger & Co., P.C. (HK). As a senior accounting manager, Reggie assists businesses and individuals across a wide variety of industries throughout the United States. Reggie’s area of expertise includes, but is not limited to corporate, partnership and individual tax planning, financial statement preparation, general business consulting, strategic planning, and various management services. With specialties in business consulting that emphasizes growth strategies and cost recovery initiatives for various national franchise systems and private organizations, Reggie has experience with start-ups and large multi-unit franchisees in territories covering multiple states. In addition, he provides strategic business consulting and process improvement initiatives for franchisors and franchise owners focusing on minimizing tax liability and optimizing net worth. Reggie graduated with a B.A. in accounting from Loras College, Dubuque, Iowa. He is a Certified Public Accountant (CPA) and a member of the American Institute of Certified Public Accountants (AICPA) and the Iowa Society of Certified Public Accountants (ISCPA). For civic involvement, Reggie is on the board of directors for the Tri-State Independent Blind Society.