ENG2511. Beyond the Headlines: From Tariffs to Tax Reform — What Advisors Need to Know Now (TAX, EST)

Major shifts in trade and tax policy are making headlines but accountants and advisors need more than headlines. This session breaks down the latest developments in U.S. tariffs and tax reform and turns them into practical, actionable guidance for those advising clients in today’s increasingly complex environment.

We’ll begin with a clear overview of recent tariff developments including the April 2025 “Liberation Day” tariffs and global countermeasures and explore how they’re reshaping cost structures, vendor relationships, inventory strategies, and compliance risks. From there, we’ll connect those insights to the looming TCJA sunset and ongoing tax reconciliation efforts, equipping professionals to lead conversations around scenario modeling, timing strategies, and entity structure decisions.

Whether you support closely held businesses, advise on tax and operational planning, or help clients navigate global supply chains, this session will provide the clarity, confidence, and strategies needed to lead through policy change and client uncertainty.

Learning Objectives:

• Describe the current U.S. tariff landscape and assess its impact on clients’ operations, pricing, and compliance risk
• Recognize key tax and accounting implications of tariffs, including inventory capitalization, transfer pricing, and financial reporting
• Evaluate planning opportunities in response to the TCJA sunset, including timing of income and deductions, entity structure, and estate and gift tax strategies
• Use scenario modeling to guide clients through uncertainty in trade and tax policy with proactive, data-informed recommendations