New 20% Deduction for Small Business Owners One of the key measures of the Tax Cuts and Jobs Act provides a 20 percent deductionThe Tax Cuts and Jobs Act was signed into law on Dec. 22, 2017. One of the key measures provides a 20 percent deduction beginning in tax year 2018 on pass-through … [Read more...] about New 20% Deduction for Small Business Owners
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Changes in Blended Corporate Federal Income Tax
Changes in Blended Corporate Federal Income Tax Following changes have come into effect in the Blended Corporate Federal Income TaxAs per the Tax Cuts and Jobs Act, a corporation with a fiscal year that includes Jan. 1, 2018, will pay federal income tax using a blended tax rate and not the flat … [Read more...] about Changes in Blended Corporate Federal Income Tax
New Tax Laws coming in 2018
New Tax Laws coming in 2018. Millions of Americans will be affected with the new tax laws.It's official. Congress has ushered through the first major tax overhaul since Ronald Reagan was president. The measure, which now awaits President Trump's signature, is about to shake up life for millions … [Read more...] about New Tax Laws coming in 2018