Business strategies for 2025 are largely dependent on changes that could be enacted some time in 2025. Of particular concern to tax practitioners is whether the Tax Cuts and Jobs Act of 2017 will be reenacted in 2025 in whole or in part. The possibility exists that many provisions of the Tax Cuts and Jobs Act of 2017 will not be extended beyond 2025. President Trump has also proposed other tax changes unrelated to the Tax Cuts and Jobs Act of 2017 that could significantly impact business. This program analyzes the new opportunities and challenges that legislative changes offer to businesses and their owners that impact 2025 and later years.