Richmond: Don Farmer's 2025 Corporate/Business Tax Workshop
8.00 Credits
Member Price $309.00
Price will increase by $75 after 11/25
Non-Member Price $434.00
Price will increase by $75 after 11/25
Overview
Join us for Don Farmer’s 2025 Corporate/Business Income Tax Workshop — an engaging and insightful look at the latest in corporate and business income taxation. This workshop dives deep into current year developments, recurring challenges and smart planning ideas that will impact 2025 tax return preparation and tax planning. We’ll cover all the major new tax legislation and other significant updates affecting individuals, corporations and non-corporate businesses, using a mix of humor and real-world examples to make it easy to digest. Whether you’re tackling tax season or planning ahead, you’ll leave with actionable strategies and a better understanding of the most important tax changes for 2025.
Delivery Method: Group-live
CPE Credit: Taxes
Program Level: Update
Virginia Society of CPAs 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 the final authority on the acceptance of individual course for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Highlights
Review of Corporate and Other Business Income Taxation Including: Segments Covering: S Corporations; Partnerships; Constructive Dividend Issues; the 20% QBI Deduction; Purchase And Sale of Businesses; 1031 Exchanges; Travel, Meal, and Entertainment Deductions; Fringe Benefits; 179 and 168(k) Depreciation Deductions; Accounting Methods Including Final Regulations Explaining Treatment Of Inventories And Use Of The Cash Method For Taxpayers With Average Gross Receipts Of $29 Million Or Less; Rev Proc Providing Rules For Automatic Accounting Method Changes; When Rental Income is Subject To S/E tax; Election To Pay State Income Taxes At The Entity Level By S Corps and Partnerships; Business Interest Expense Limitation; Partnership And S Corp Developments Including Developments Relating To Filing Forms K-2 and K-3; and Other Business Topics. Significant 2025 Developments Including: Any New 2025 Legislation; SECURE Act 2.0 Provisions Effective For 2025; Commercial Vehicles Qualifying For New Electric Vehicle Credits; Inflation Reduction Act Provisions Affecting Businesses and Effective For 2025; and Many Others. • Review of Significant Tax Provisions and Changes First Effective in 2025.
Prerequisites
At least one tax season
Designed For
Individuals who prepare income tax returns for businesses or who engage in income tax planning for businesses.
Objectives
To provide explanations and planning ideas relating to the latest 2025 corporate and business tax developments, including the most recent guidance on new tax law provisions. To help practitioners prepare for “tax season.”
Preparation
None
Leader(s):
Leader Bios
Nicholas Preusch, Tax Manager, Yount, Hyde & Barbour, PC
Nick Preusch, CPA, J.D., LL.M., MSA, has a primary focus of performing tax services relating to emerging issues and complex tax transactions. He works closely with businesses and individuals to find tax efficiencies through ever-changing tax legislation.
Nick started his career with the Internal Revenue Service (IRS) as a revenue agent, and then as an attorney at the IRS National Office in Washington, D.C., where he was the lead attorney for several significant tax ethics cases.
Nick co-authored Tax Preparer Penalties and Circular 230 Enforcement, a textbook published by Thomson Reuters. He has also been published in the AICPA’s Tax Advisor and Journal of Accountancy along with CCH’s Journal of Tax Practice and Procedure. In 2017, he was named one of the VSPCA’s Top 5 Under 35. In 2018, he was named to CPA Practice Advisor’s Top 40 Under 40. In 2018, he was part of the AICPA’s New Face of Tax ad campaign. Nick has been a member of the AICPA’s Tax Practice Responsibilities Committee, Tax Executive Committee and Professional Ethics Executive Committee.
Nick is a licensed attorney in New York and a Certified Public Accountant in Virginia. He earned an LL.M. in taxation from Georgetown University, a J.D. from Case Western Reserve University, and an MS in accounting from the University of Connecticut.
Non-Member Price $434.00
Member Price $309.00