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Hosted by EBPC Hartford, Inc

Member Program: Connecticut’s Response to the Tax Cut and Jobs Act of 2017

SCHEDULE:
7:30 - 8:00 am Registration, Breakfast Buffet, Networking
8:00 - 8:15 am Announcements
8:15 - 9:20 am Presentation - Connecticut’s Response to the Tax Cut and Jobs Act of 2017
9:20 - 9:30 am Closing Remarks
 
MEMBERS:    NO COST (Use reservation options below)
 
SENIOR MEMBERS AND GUESTS :  Senior fee is $40.  Guest fee is $50.  Use Pay Now button below right or send a check made payable to: EBPC Hartford, 95 West Street, Rocky Hill, CT 06067
 
REGISTRATION ENDS NOV 30TH. Cancellations accepted through November 30th. No shows are charged a $40 no show meeting fee.
 
In the spirit of the Holiday Season, we ask members to bring donations of food items. Donations will benefit Foodshare. More information will be provided in a confirmation email sent the week prior to the event.

Tuesday, December 4, 2018
7:30 AM - 9:30 AM

Location

The Hartford Golf Club
134 Norwood Road
West Hartford   CT   06117
 
Map for Location



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Senior Member Program Fee

Guest Fee

Agenda

 


Louis Schatz, Atty.
Shipman & Goodwin

Dec 4 2018 8:00AM


Connecticut’s Response to the Tax Cut and Jobs Act of 2017


In response to the state income tax deduction limitation imposed by the Tax Cut and Jobs Act of 2017, Connecticut enacted a new 6.99% income tax on passthrough entities (such as S corporations, partnerships and limited liability companies). Public Act 18-49, which was signed by Governor Malloy in May, significantly changes how Connecticut will tax income earned by passthrough entities and their owners.

In addition to the new passthrough entity tax, Connecticut decoupled from fixed asset expensing and adopted other tax changes in response to the new federal tax legislation

Hear from Tony Switajewski, CPA, BlumShapiro, and Louis Schatz, Attorney, Shipman & Goodwin, who will provide an overview of Connecticut’s response to the TCJA of 2017.

Topics will include:

Connecticut's New Passthrough Entity Tax
* Elective methods to calculate the taxable income base
* How owners can obtain a Connecticut tax credit for the taxes paid by the entity
* Estimated tax payment requirements and owner tax payment "recharacterization"
* Tax planning ideas
* Financial statement impact to the business entity

Fixed Asset Expensing (Bonus Depreciation and Section 179 Expensing)

Miscellaneous Tax Provisions
* 20% Qualified Business Income Deduction
* 30% Business Interest Expense Limitation
* Grants to Businesses
* Municipal Charitable Contribution
* “Property Tax Payment” Option



Sessions


DateCourse Title/DescriptionStart
Dec 4, 2018 Connecticut’s Response to the Tax Cut and Jobs Act of 2017 Tony Switajewski, CPA, MST Louis Schatz, Atty. 8:00 A