Pennsylvania Bankers Wealth Management Conference


October 27, 2021


Ricky McLaughlin, CPA

Senior Manager



Location: Hershey Lodge, Hershey, PA

Ricky will be speaking on the topic 2021 Tax Changes on the Horizon and their Impact on Your Financial Institution.

With every change in presidential administration comes the possibility of significant tax law amendments. President-elect Biden’s proposed tax plan suggests a large overhaul of the current regulations, and institutions need to begin assessing the necessary tax planning opportunities to align with the possible new laws.

The market is predicting that Biden’s proposed tax plan will significantly reverse much of President Trump’s tax act set in 2017—meaning that taxes will likely increase, and institutions will have to plan accordingly. In this session, we’ll take a look at what might occur after the enaction of Biden’s plan (though subject to change), how you should prepare for these amendments, and strategies to handle tax reform reductions.

You’ll learn:
• Tax deduction considerations—methods to postpone deductions into a higher tax rate regime
• How to efficiently accelerate income in a rising tax rate environment
• How to consider reversing many of the tax planning strategies initiated by your bank in 2017 after the passage of the Tax Cuts and Jobs Act of 2017

Back to Events