FM24: Tax Update: Legislative Developments and Tax Planning for Law Firms and Attorneys

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Recorded On: 05/04/2018

Only available as part of a package

This session will focus on the latest developments in the tax law and the impact of these changes to the profession. We'll emphasize tax planning strategies for both law firms and individual attorneys. Additionally, we'll cover why it's always important for businesses and individuals to understand the tax implications of their business activities and be proactive in tax planning. For example, entity and ownership structure can impact these strategies. We will review the pros and cons of each structure and how the tax laws impact each. We'll also look at a variety of tax savings ideas for law firms and will provide insights into tax and wealth planning tips for individual partners.

Objectives:

Identify the latest developments in the tax laws and the related impact on law firms and individual attorneys.
Examine different entity choices for law firms and the related tax impact of each structure.
Discuss tax planning strategies for law firms.
Review tax and wealth planning tips for law firm owners/partners.

Audience: Intermediate

Other Information:

75 Minutes

CLM App Management Category -FS: Financial Management

CPE Field of Study: Finance

Kristin Bettorf

Kristin Bettorf is a Partner in RubinBrown's Tax Services Group and the Vice Chair of RubinBrown's Law Firm Services Group. She has more than 15 years of tax experience with an emphasis on tax planning and consulting services. She specializes in corporate tax and provides services to clients in a variety of industry groups, including manufacturing and distribution and law firm services.

Henry Rzonca, CPA

Henry Rzonca, CPA, serves as the Partner-In-Charge of RubinBrown's Federal Tax Services Group and Vice-Chairman of the Manufacturing & Distribution Services Group. He is also a Partner Liason for the RubinBrown Advisory Board. Before joining RubinBrown in 2012, Rzonca served more than 20 years in the role of Tax Director for Edward Jones and Watlow Electric Manufacturing Company, overseeing federal and state income, property, sales and, use taxes. Prior to gaining this industry experience, he was in the tax practice of KPMG for seven years.