1 post from day 04/01/2018

tax-reform-affect-business

How Will the New Tax Reform Affect Your Business?

Business is the big winner in the newly approved Tax Cuts and Jobs Act, which was passed recently by the U.S. Senate and signed into law by President Trump. The Tax Cuts and Jobs Act states, “For taxable years beginning after December 31, 2017 and before January 1, 2026, an individual taxpayer generally may deduct 23 percent of qualified business income from a partnership, S corporation, or sole proprietorship, as well as 23 percent of aggregate qualified REIT (Real Estate Investment ...

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