The passage of the Tax Cuts and Jobs Act (TCJA) represented the most sweeping changes to the tax code in more than 30 years, affecting individual and corporate taxes as well as estate and gift taxes. The corporate tax rate saw a significant reduction, to 21% from 35%, as well as a shift from a worldwide system of taxation to a territorial system. There were also major changes affecting other firms, including small businesses. While the new corporate tax rate is permanent, most tax law changes impacting individuals, trusts, estates, gifts, and pass-through businesses are set to expire after 2025.
- Understand the new 20% deduction on business pass-through income
- Planning considerations for small business owners
- Other changes impacting small business owners
About the Presenter:
Learn from industry expert, Christopher P. Hennessey, Lawyer and CPA, Member, Putnam Business Advisory Group, Professor Emeritus of Law, Babson College, about business planning under the new tax.
This Event is Free! Thank you to our sponsors:
This meeting is sponsored by Blum Shapiro, Capstone Headwaters, John T. Chipman & Company LLP, Nixon Peabody, and UBS Global Wealth Management.
This meeting will be held at UBS Financial Services, Inc.
Address: 1 Post Office Square, 34th Floor, Boston, MA 02109