The Tax Cuts and Jobs Act brings the most sweeping changes to the tax code in a generation. So, if you’re still unsure of how the changes will impact you or your business, you’re not alone.
Our tax and accounting experts have waded through the legislation (so you don’t have to) and pulled together a list of the most impactful changes. For a brief overview, watch the video below.
If you’d prefer a more detailed view of the changes, download our free ebook, The SMB Owner’s Guide to the Tax Cuts and Jobs Act. The guide will provide you with 6 tips for small business owners to successfully navigate their 2018 taxes, including:
- Bonus depreciation and Section 179 expensing
- The corporate tax rate
- Section 199a passthrough deduction
- Meals, entertainment and travel expenses
- Net operating losses
- Personal income taxes