According to the Merriam-Webster Dictionary, "tune-up" means "a general adjustment to ensure operation at peak efficiency." This webinar will define the most significant changes which impact 2024 tax return preparation for individuals and businesses, and "tune you up" to make you a well-operating machine for tax season. 

This course will explore the revised inflation-adjusted figures, potential pitfalls with electric vehicle credits, disaster relief regulations, and critical decisions around timing for cost recovery methods. Attendees will dive into the complexities of addressing Employee Retention Credits in income tax returns, navigating SALT PTET workaround statutes, and understanding the immediate implications of the SECURE 2.0 Act. By the end of the webinar, participants will gain valuable knowledge to effectively manage the evolving tax landscape and influence tax planning strategies.
 
Learning Objectives:

• Identify the key impacts of recent legislation on 2024 tax returns, and recognize the modifications made to IRS forms that could impact tax preparation


• Describe the significance of inflation-adjusted figures in tax planning


• Evaluate the implications of timing choices for cost recovery methods and their effects, and propose effective strategies to navigate the interaction between Employee Retention Credits and income tax returns