How the Tax Cuts and Jobs Act Is Changing How We Do Business
Following enactment of the Tax Cuts and Jobs Act, there's been much public discussion about tax rate changes, the 20%qualified business deduction for pass-throughs, and immediate write-offs for equipment purchases.
As time goes on, tax professionals are digesting the cataclysmic changes from the Tax Cuts and Jobs Act and finding out that some business practices no longer work. We need to find new ways to proceed. Let me describe some of the ways the Tax Cuts and Jobs Act is changing how we do business.