Course Description

After the Tax Cuts & Jobs Act, practitioners had to change their approach to planning. There simply were not as many itemized deductions as there used to be. While many courses focus on complex strategies that will only work with high-net-worth clients, there are many effective strategies still available today that will work with any client if you know where to look. The goal of this course is simple: to provide financial advisors and tax practitioners with a simple framework for tax planning with nearly any client. We will discuss bracket management, tax efficient investing strategies, and those after year-end contributions to HSAs and IRAs with one goal – helping your client get the best tax planning possible.

Learning Objectives

  • State the role of tax planning within the overall financial plan.

  • Identify basic but effective tax planning strategies on individual tax returns.

  • Recognize which deductions are the most valuable to the taxpayer.

Additional Required Materials

  • Level: Overview

  • Field of Study: Taxes (NASBA); Tax Planning (CFP); Federal Taxation (IRS)

  • Who Should Attend: Tax practitioners and financial advisors who work with a wide range of individual tax clients.

  • Required Knowledge: A basic understanding of individual income tax law and basic deductions.

  • 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.