Tax reform resource center

As Valued Business Advisors, we are dedicated to keeping you abreast of significant tax reform proposals and enacted legislation. This body of insights focuses on what we know now and areas where planning opportunities may be available.

If you have questions regarding tax reform or any other tax matter we encourage you to reach out to your Baker Tilly tax specialist.

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Tax reform: Comparison of key insurance company provisions

The following is a summary of the major insurance provisions included in both the Senate’s Tax Cuts and Jobs Act (TCJA) and the House’s tax reform bill.

Tax Cuts and Jobs Act (TCJA): selected insights and implications for U.S. manufacturers with foreign subsidiaries, the Senate version

The Senate’s version of the Tax Cuts and Jobs Act (TCJA) was passed on Dec. 2 and makes fairly consistent changes to the tax treatment of U.S. manufacturing companies with operations abroad.

Tax reform: The Senate bill passes

The Senate passed its version of a tax reform bill with a vote along party lines, so what’s in it and what happens next?

Tax reform: The journey continues ...

The House officially passed the Tax Cuts and Jobs Act along party lines, and the Senate Finance Committee’s marked-up bill was approved and ready to send to the Senate floor for a vote after Thanksgiving, so how do the bills compare?

Tax reform bill modifies and simplifies accounting methods for small businesses

The House tax reform bill modifies certain accounting method provisions. See how your small business may benefit.

The Senate releases its version of tax reform

Baker Tilly compares provisions in the Senate Tax Cuts and Jobs Act (STCJA) proposed by the Senate and the Tax Cuts and Jobs Act (TCJA) currently being debated in the House. 

House releases tax reform bill

The House issued the first draft of its tax reform bill, the Tax Cuts and Jobs Act, with major changes including cutting down the number of tax brackets, eliminating most itemized deductions and phasing out the estate tax.

With tax reform on the horizon is it time to make a Roth conversion?

With tax reform still in limbo, 2018 may offer a great opportunity to convert a traditional individual retirement account (IRA) into a Roth account.

Tax reform framework released

Republican leaders revealed a new blueprint for tax reform, outlining principles expected to be used by the tax-writing committees in the House and the Senate.

The status of tax reform

Due to the challenges of enacting comprehensive tax reform, we expect that some alternative compromise will take shape in order to obtain a corporate rate reduction and some individual tax changes rather than a comprehensive tax reform package. We expect legislation to be drafted by late fall or early winter with a bill ready for the president’s signature early in 2018. In the meantime, we will continue to monitor and bring you any developments.

The future of cost segregation?

Learn about the advantages of performing a cost segregation study now and  the potential impact of proposed tax reform on cost segregation.

White House announces tax plan

President Trump released his blueprint for an overhaul to the tax system. The plan calls for major changes to the corporate tax rate and individual tax brackets.

Tax accounting method opportunities

Baker Tilly accounting methods and incentives specialists identify tax accounting method opportunities that may generate significant and potentially permanent cash tax savings for the 2016 tax year and beyond.

International tax reform on the horizon

Baker Tilly international tax specialists discuss how U.S. tax reform is likely to address the challenges associated with corporate inversions and the worldwide tax system.

Carried interest update

Baker Tilly national tax specialists review how carried interests would be taxed under proposed section 710 as well as the President’s and House’s tax reform proposals.

Accounting method change opportunity to reduce 2016 taxable income

An accounting method change may reduce 2016 taxable income under current tax reform proposals. These potential savings are based on the assumption that any tax reform legislation is both enacted and effective in 2017 versus becoming effective in 2018.

The carried interest debate

“Carried interest,” is a tax benefit both the Trump and Clinton campaigns targeted for repeal. While the fate of carried interests is uncertain, early identification of exposure and planning may help to mitigate some effects if the benefit is eliminated.

Presidential moratorium on federal regulations

Unpublished tax rules have been withdrawn in compliance with a new presidential memorandum. Read more on which tax regulations are impacted.

GOP, Trump taxes ding Texas, boost rich investors

The Trump Administration’s proposed border tax could pose both advantages and disadvantages for companies. Baker Tilly’s Vadim Blikshteyn recently spoke to Insurance News Net about the potential effect of the tax on Texas organizations.

What does the Trump administration and Republican-controlled Congress mean for your fund’s tax planning?

Learn more about how your investors and investments may be affected by new administration’s tax proposals by listening in to this Baker Tilly podcast.

2016 year-end business tax planning webinar

Specialists from our tax services practice speak to key proposals from the president-elect and the House including those on tax reform, repatriation and the Affordable Care Act.

Proposed tax reform its implications on individual and business tax

Baker Tilly tax specialists at every professional level are prepared and ready to adapt to forthcoming tax reform.

What Republican control means for tax legislation in 2017

What will the tax landscape look like in 2017 with Republicans taking control of the executive and legislative branches come January?

The information provided here is of a general nature and is not intended to address the specific circumstances of any individual or entity. In specific circumstances, the services of a professional should be sought. Tax information, if any, contained in this communication was not intended or written to be used by any person for the purpose of avoiding penalties, nor should such information be construed as an opinion upon which any person may rely.  The intended recipients of this communication and any attachments are not subject to any limitation on the disclosure of the tax treatment or tax structure of any transaction or matter that is the subject of this communication and any attachments.