What does the Tax Reform do to your Ownership Conversion Plan™?
When the Tax Cuts and Jobs Act passed, I told you about some of the business wins and advantages. Now you may be asking yourself what that means for your Ownership Conversion Plan™. The answer, for most small businesses, is more money to put back into your business, buy new equipment, hire new workers or expand operations. That, in turn, helps your businesses become more successful and help you reach your Designed Destinations.
Sole proprietorships, partnerships and S corporations are what ...
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 ...