Rob Poterucha was the guest speaker at the January 7th lunch meeting of the Rotary Club of West Polk County. Rob is a Supervisor in the Business Advisory and Tax Services Department at McGowen, Hurst, Clark & Smith, P.C. He primarily specializes in compliance and consulting services for corporations, closely-held businesses and individuals with an emphasis in multi-state taxation. His employer has been around since 1946 and is the largest locally owned CPA firm in Central Iowa.
While there are regularly changes in tax laws that individuals and businesses need to be aware, the tax reform that took place at the federal level in 2018 (Tax Cuts & Jobs Act | Adopted December 22, 2017) was more significant than usual. That is why Rob’s summary of the many changes that will impact businesses with their upcoming tax filings was especially relevant and timely.
Meeting attendees learned about ”5 Ways Tax Reform Will Affect Your Business (And You)”. Specific discussed items included reduced tax rates, depreciation, pass-through taxation, individual taxation, and Iowa tax considerations.
The Rotary Club of West Polk County would like to thank Rob for his very interesting and informative presentation.