Course Description

Now that the election is over, what key tax proposals can we expect from President-elect Trump? What impact might tariffs have on individuals, businesses and our GDP? What does all of this mean for practitioners? In this election-focused update of the Keeping Up with the Tax Code - 2024 Federal Tax Update series, we will address these questions as well as recent disaster relief policies as a result of the major hurricanes in 2024.

Learning Objectives

  • Recognize key tax proposals by President-elect Trump and his campaign

  • Recall the historical impact and potential future impact of tariffs on the GDP

  • State upcoming expiring provisions for 2024 and 2025

  • Recognize the upcoming phaseout of bonus depreciation

  • Identify disaster relief given to taxpayers in certain locations as a result of 2024 hurricanes in the Southeast

Additional Required Materials

  • Level: Update

  • Field of Study: Taxes (NASBA)

  • Who Should Attend: Experienced tax professionals and financial advisors

  • Required Knowledge: Previous tax preparation experience for individuals and small businesses

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.