An Overview of the New 2018 Tax Laws Compared to 2017 Tax Laws

2018 Tax Laws Compared to 2017 – An overview

Welcome to 2018! It is my hope to provide valuable tax advice that will not only save you money but provide prosperous opportunities.
Although taxes may not be on your mind this early in the year, we want to help you prepare accordingly sooner rather than later. New tax laws became effective January 1, 2018. Take a look at the comparison chart below for an overview of the changes.
I encourage business owners to schedule a tax planning appointment with me to prepare a strategic business tax plan for 2018. The corporate rate is now 21% down from 35% and those with flow through entities get to reduce their taxable business income by 20%.