Intuit ProConnect Group Launches Tax Reform Resource Center for Tax Year 2018
October 10 2018 - 5:03PM
Business Wire
New resource center helps tax professionals
prepare for changes due to tax reform
Today, Intuit Inc. (Nasdaq: INTU), maker of ProConnectTM Tax
Online, ProSeries® and Lacerte®, announced the launch of its Tax
Reform Resource Center for Tax Year 2018, a free resource to help
tax professionals and their individual and small business clients
prepare for changes resulting from the Tax Cuts and Jobs Act
(TCJA). The Intuit ProConnect Tax Reform Center includes detailed
answers to top tax reform topics, such as the qualified business
income deduction, child tax credit, state and local tax deduction,
mortgage interest deduction, alternative minimum tax and
depreciation; webinars, and client-facing guides.
The resource center also includes a new Entity Selection
Calculator, a tool designed for Tax Professionals to help evaluate
the type of legal entity a business should consider, including the
application of the Qualified Business Income (QBI) deduction. The
tool includes 2018 individual and corporate rates, and explores the
tax effects, including individual income taxes, self-employment
taxes and corporate taxes, under different entity structures.
The TCJA is the largest tax reform in 30 years, and it will
affect the 2018 taxes of most taxpayers. As the IRS continues
issuing further guidelines, the ProConnect Tax Reform Resource
Center will reflect those guidelines once they are final.
“The TCJA created an unprecedented opportunity for tax firms to
transform their practices and increase value as trusted advisors,”
said Intuit's Chief Tax Officer, David Williams. “With the help of
the ProConnect Tax Reform Center’s in-depth resources and unique
guides, tax professionals can be armed with detailed information to
focus on proactive tax planning, confidently answer every tax
reform-related question and feel like the heroes of the tax season
for their clients.”
To help tax professionals understand major tax law changes and
the implications to tax planning, Intuit ProConnect will be
providing a series of free live webinars and training programs for
tax professionals, many of which are eligible for CPE and IRS CE
credit (exceptions apply).
On October 18, 2018, Intuit ProConnect is hosting a free Tax
Reform Boot Camp to help educate tax professionals get in-depth
information on the tax law changes and discover how to take their
business to the next level – from tax preparation to proactive tax
strategy and client financial advisement. This event is eligible
for 6-hours of free CPE and the topics covered will include:
- The Tax Cuts and Jobs Act:
Fundamentals
- The Qualified Business Income
Deduction
- Tax Planning Workflow
- Tax Planning Strategies
- Additional Tax Planning Guides and
Resources
The Tax Reform Resource Center will be continually updated
throughout the tax season with detailed explanations and new tools
and calculators to help tax pros be experts on Tax Reform and make
it easier to understand the impact on clients’ returns.
About Intuit
Intuit’s mission is to Power Prosperity Around the World. Our
global products and platforms, including TurboTax, QuickBooks, Mint
and Turbo, are designed to empower consumers, self-employed and
small businesses to improve their financial lives, finding them
more money with the least amount of work, while giving them
complete confidence in their actions and decisions. Our innovative
ecosystem of financial management solutions serves approximately 50
million customers worldwide, unleashing the power of many for the
prosperity of one. Please visit us for the latest news and in-depth
information about Intuit and its brands and find us on social.
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Intuit Inc.Stephanie Friswellstephanie_friswell@intuit.com
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