Introduced as the Tax Cuts and Jobs Act, the “Act to Provide for Reconciliation Pursuant to. Titles II and V of the Concurrent Resolution on the Budget for Fiscal year 2018,” P.L. 115-97 (“Tax Act”), was signed into law by the President on December 22, 2017. The 2017 Tax Cuts and Jobs Act will impact every business and individual taxpayer in the United States. So what do you need to know and how will this impact you and/or your business? The following summary provides an overview of the most salient issues in the Act that will impact our clients. The following is only an overview of selected portions of the Tax Act and depending on your individual tax situation there may be other provisions which will impact your particular tax situation. Therefore, this summary should not be relied on without you consulting professional advice tailored to your individual needs. We encourage you to contact us to review your tax situation before acting upon any information contained herein.
Download here: Tax Cuts and Jobs Act – Business & Individual