With the Tax Cut and Jobs Act now in place, it can be difficult to sort out what the changes actually mean for your business and the best steps to take in 2018.
Baker Tilly’s tax specialists provided an overview of the new law and provide clarity on how to benefit from certain changes. The presenters discussed:
- Bonus depreciation and Section 179 expensing
- The 20 percent deduction for pass-through businesses
- C-corporation opportunities
For related insights and in-depth analysis, see our Tax Reform Resource Center.
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.