Events

Federal Tax Reform Webinar

Federal Tax Reform Webinar

Webinar
Friday, October 20, 2017 | 11 am to Noon

Member Price: $0 | Non-Member Price: $0

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Agenda

See event description below.

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The Potential Impact of Federal Tax Reform Proposals on Businesses— between the broad outline of the Trump administration tax reform plan and the House Republicans’ “Blueprint” business tax plan, sweeping changes are being discussed for federal tax reform that could have a significant impact on companies, as well as individuals.  Indications are that some federal tax reform will become law in late 2017 or early 2018. 

While the final outcome is uncertain, businesses should consider taking immediate measures to best position themselves for anticipated changes to the tax code.  It’s important not to wait for the legislative process because many opportunities must be implemented, or require significant planning, before tax reform becomes effective.  Business decisions made now have a long-term economic impact that could change under tax reform. 

The objective of this webinar is to help companies understand the federal tax reform initiatives by providing strategies on what they should be doing now to plan for these reforms.  The presentation will be delivered by leading tax professionals from the Stevens & Lee/Griffin platform, including Scott Balestrier, former senior income tax partner at E&Y, KMPG, and Anderson; Jay Wagner, a noted estate tax lawyer; and Robert Duquette, Professor of Accounting, Lehigh University. They will discuss:

  • A Brief Overview of the Policy Considerations Driving Federal Tax Reform and related timing
    • Budget Deficits, Federal Debt, Sluggish GDP Growth
    • Less than Competitive Tax System
    • Stated Goals of Tax Reform
    • Challenges
    • Tax Reform: “If” and “When”
  • Outline and Analysis of Important Provisions
    • Individual Taxes: Income and Estate
    • Corporate Taxes, Taxation of Pass-through Entities
    • Capital Investment and Interest Expense
    • International Issues
  • Potential Impact of Tax Reform on M&A, Real Estate and Manufacturing and Industries
    • M&A for For-Profit Companies
    • Manufacturing
    • Other Industries

Also available to provide commentary on the international aspects of tax reform will be Wilfred Muskens, President of Stevens & Lee/Griffin International (SLGI) and Samuel A. McCullough, former Secretary of DCED and Chairman of SLGI.

Continuing Education Credits

Certification group type of credits No. of credits
Pennsylvania State Board of Accountancy CPEs(PX177225) - Group Study 1
Continuing Legal Education Board CLEs 1

To recommend Continuing Education credit certifications for this event, please contact Susan Smith, 717.720.5457 | ssmith@pachamber.org.

about the speaker

Jay R. Wagner is Co-Chair of Stevens & Lee's Estates and Trusts Department. He concentrates his practice in estate and trust planning and administration, wealth preservation, trust and estate litigation, charitable and nonprofit organizations, and guardianship administration. Jay serves as general counsel to a number of charitable organizations, and represents many others as special counsel, advising them on matters including federal tax law and regulations.

Scott Balestrier is the President of Griffin/Stevens & Lee Tax and Consulting Network. A seasoned financial executive, he is a former Big Four tax partner with E&Y, KMPG and Anderson, and has practiced in the accounting and tax consulting area for 26 years. His broad range of skills includes tax,financial accounting, risk management, information technology, capital raise, employee benefits, succession planning and mergers and acquisitions. He has been the lead coordinating partner for companies in a wide variety of industries.

 

Professor Robert Duquette has been teaching at Lehigh University since 2009, first as an adjunct, and most recently as a full time Professor of Practice in the Accounting Department.  With almost over 20 years’ experience, Duquette specialized in mergers and acquisitions and was responsible for leading and growing a tax practice of over 20 tax professionals, including: the overall quality control of the advice, preparation and review of all significant tax opinions, the coordination of all client tax services, deal structuring, review of all deal related agreements, due diligence of target company tax history and disclosures, and the coordination with financial and legal due diligence teams. Over his career, Professor Duquette advised on over 300 corporate transactions, both domestic and cross border, aggregating over $50 billion in volume for large Fortune 1000 companies, and many middle market companies, and mostly with cross border operations.