How the New Tax Cuts Affect You and Your Clients
The Tax Cuts and Jobs Act (TCJA) is the most significant overhaul of US tax policy since 1986. With most of the provisions already in effect as of January 1, it’s crucial that business owners (and their advisors) understand the key provisions that may affect their company.
Some of the new key tax provisions impacting middle market companies that Mr. Byer will be covering:
- Determining the most tax efficient entity for your company (Pass-through entities vs. C corporations and the new 20% qualified business income deduction
- Deductibility of interest expense
- Section 179 and bonus depreciation
- Deductibility of meals and entertainment
- Net operating losses