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BUSINESS LEADERS GET THE REAL DEAL ABOUT FEDERAL TAX CUTS: Wilmington Trust Experts Tell Local Companies How New Tax Codes Affect Business

Prince George's County, MD May 25, 2018- Yesterday, the Prince George’s County Economic Development Corporation (EDC) hosted an information seminar, ‘Learn About the Impact of the 2018 Federal Cuts’ at their headquarters in Largo, MD. The seminar, featuring guest facilitators W. Christopher Kreicker of Wilmington Trust, and Bruce F. Hoffmeister from the National Business Owners Advisory Services Group, drew a crowd of over 60 local business leaders to hear how the changes to the federal tax code could impact their businesses. EDC President and Jim Coleman expressed his desire to continue to provide important resources and information to the Prince George’s County business community.
 
“Knowing how the tax structure impacts the business culture is important,” said Coleman. “The tax cuts that the federal government enacted will prove to be monumental in the life of County business leaders. I am proud to connect them to the information that they need so that they can make informed business decisions to create more jobs for our residents. Our partners for today’s event have poured a world of wisdom into our business community and I look forward to seeing continued growth in the County!”
 
Yesterday’s event was prompted by the recent tax reform legislation that was passed by the federal government. Bruce Hoffmeister, Director of Wealth and Fiduciary Planning for the National Business Owners Advisory Services Group spoke about the tax reform environment and how it affects businesses depending on their classification and revenue levels. W. Christopher Kreicker, Senior Managing Director for Wealth advisory for the Wilmington Trust provided a capital market forecast detailing what he and other experts agree will be sound strategies for businesses in the coming years. Both Mr. Hoffmeister and Mr. Kreicker also facilitated a question and answer period in which audience members were able to gain a deeper understanding of the information in the presentation.
 
M&T Bank joined Wilmington Trust and the EDC as sponsors for the event. The sponors are also discussing ways in which they can continue to collaborate to demystify the federal tax codes for the local business community.
 
Learn more about how to do business in Prince George’s County by contacting the EDC at www.pgcedc.com or (301) 583-4650.
 
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