Business Planning Under The New Tax

GREATER BOSTON CHAPTER EVENT

Business Planning Under The New Tax


The passage of the Tax Cuts and Jobs Act (TCJA) represented the most sweeping changes to the tax code in more than 30 years, affecting individual and corporate taxes as well as estate and gift taxes. The corporate tax rate saw a significant reduction, to 21% from 35%, as well as a shift from a worldwide system of taxation to a territorial system. There were also major changes affecting other firms, including small businesses. While the new corporate tax rate is permanent, most tax law changes impacting individuals, trusts, estates, gifts, and pass-through businesses are set to expire after 2025.

 

Learning Objectives:

  • Understand the new 20% deduction on business pass-through income
  • Planning considerations for small business owners
  • Other changes impacting small business owners

 

About the Presenter:

Learn from industry expert, Christopher P. Hennessey, Lawyer and CPA, Member, Putnam Business Advisory Group, Professor Emeritus of Law, Babson College, about business planning under the new tax.

 

This Event is Free! Thank you to our sponsors:

This meeting is sponsored by Blum Shapiro, Capstone Headwaters, John T. Chipman & Company LLP, Nixon Peabody, and UBS Global Wealth Management.

This meeting will be held at UBS Financial Services, Inc.

Address: 1 Post Office Square, 34th Floor, Boston, MA 02109

EXIT PLANNING IS GOOD BUSINESS STRATEGY

The EPI Northeast Wisconsin Local Chapter is different than other groups because it brings together a diverse group of professionals from a wide range of specialties that can naturally work collaboratively on exit planning, succession planning, value growth, transaction or any engagement from both sides of the equation. The chapter meets regularly to network, reconnect, grow knowledge, and sharpen their skills with a common goal: Change the outcome for transitioning business owners. Make plans to join us for future events and connect with the local leadership by visiting www.EPIBoston.org.

About the Presenter


Christopher P. Hennessey

Christopher P. Hennessey

Lawyer and CPA, Member, Putnam Business Advisory Group, Professor Emeritus of Law, Babson College

Meet Christopher P. Hennessey

Mr. Hennessey has extensive consulting experience in all areas of wealth management. Although no  longer an active partner, he is a co-founder of an investment advisory firm that manages financial assets for high-net-worth individuals. He is also a former academic dean of the Babson College undergraduate program and formerly served as Faculty Director of Babson Executive Education. Mr. Hennessey currently serves as Trustee for a private college, and formally served on the board of directors of the largest independent food service distributor in New England. He has served as an advisor to a number of businesses.

Mr. Hennessey is a member of the Putnam Business Advisory Group, Putnam’s national speaking bureau. He speaks extensively at various national and regional meetings on wealth management topics such as tax, estate, retirement, and college planning, as well as asset protection. Mr. Hennessey has instructed managers and executives in most areas of the world in the areas of finance, investments, accounting, strategy, and entrepreneurship. His research interests include finance, estate planning, innovation, and ethics. Mr. Hennessey has made numerous radio and television appearances and is often quoted in print media.

He is a member of the American Bar Association, the Massachusetts Bar Association, the American Institute of Certified Public Accountants, and the Massachusetts Society of Certified Public Accountants. As an instrument-rated private pilot, Mr. Hennessey is also a member of Angel Flight New England.

 


Continuing Education


This meeting qualifies for the following continuing education credits:

One (1) CPE hour

One (1) CFP® credit

 

NOTE: Proper documentation must be collected and submitted to qualify for continuing education. For questions regarding awarded continuing education credits, please contact Josh Koza at JKoza@Exit-Planning-Institute.org.