Tax Cuts and Jobs Act: Impact on Business

Tax Cuts and Jobs Act - Impact on Businesses.jpg

The Tax Cuts and Jobs Act, a $1.5 trillion tax cut package, was signed into law on December 22, 2017. The centerpiece of the legislation is a permanent reduction of the corporate income tax rate. The corporate rate change and some of the other major provisions that affect businesses and business income are summarized below. Provisions take effect in tax year 2018 unless otherwise stated.

Complete article


We’d Love To Hear From You

Previous
Previous

Storms and Boats

Next
Next

2018 Insurance Planning Key Numbers