How the New Administration is Reshaping Tax Policy

In this episode of Let’s Talk Tax, host ⁠Dave McGuire⁠ and guest ⁠Jerry Hammel, CPA,⁠ discuss the first 100 days of the new administration and its impact on tax policy. They examine the changes in corporate tax law, potential tax reforms, and funding challenges under a balanced budget act. The conversation covers various proposals, including those related to R&D expenses, bonus depreciation, and the Child Tax Credit. They also explore the implications of tariffs, IRS workforce reductions, and the intricacies of tax planning. Tune in to gain insights into the evolving landscape of tax legislation and its effects on businesses and tax professionals.