The last few weeks of 2017 brought sweeping changes to the country’s tax laws, leaving no taxpayer unaffected. Though not all reforms included in the new Tax Cuts and Jobs Act take effect immediately, you should consult your trusted CPA and tax adviser about what the new provisions could mean for your small business in Nashville.
Cuts with conditions
The new tax bill particularly hits small firms because it allows “pass-through” entities – which are taxed on the individual owner’s level, rather than the corporate – to deduct up to 20% of their income. But the exact percentage of deductions depends on several things. Read more from this blog post: http://bit.ly/2BqIjUT
