Tax Reform
See how the new tax laws impact you.
Welcome to the Tax Reform Resource Center!
Virtually every individual, business and organization is affected by the Tax Cuts and Jobs Act. And with all of the changes introduced, you probably have some concerns.
Do any of these questions look familiar?
- My tax bracket is lower, but does that really help me if I’m allowed fewer deductions?
- Can my business take advantage of the 100% bonus depreciation?
- Can I still deduct the interest on my home loan?
- Am I eligible for the 20% qualified business income deduction?
- Does it make sense to change the structure of my business (S corp, C corp, LLC, etc.)?
If so, you’re not alone. And with the 2018 tax return season right around the corner, now is the time to get planning. The references in this resource center, along with our 2018-2019 Web Tax Guide, are a great starting point to guide you in your efforts. Feel free to peruse them at your convenience, or attend one of our live events.
We also welcome and encourage you to contact us with questions or concerns. While you can get the essentials here, that’s no substitute for a comprehensive tax strategy developed with your CPA. So call us today to kick-start your tax return strategy!
In The News! Check out our most recent articles and interviews:
How The New Tax Reform Bill Affects You
What Do The Tax Cuts Mean For Your Taxes?
New Tax Law Brings Notable Changes For Nonprofits
We also recommend the following news articles written by reputable third-party sources:
Tax Cuts and Jobs Act – tax briefing 12/20/17
President signs tax overhaul into law
Senate passes tax reform bill; House must revote
What the tax reform bill means for individuals
How tax overhaul would change business taxes
Scroll down for more resources!
Tax Reform Informational Articles
Need more information? We’ve addressed the impact on specific industries, business functions and more.
Tax Reform and Business Interest Expense Limitations: What Real Estate Businesses Need to Know
The Tax Cuts and Jobs Act (TCJA) of 2017 brought with it significant changes to the limitations on business [...]
To Tax or Not to (Excise) Tax: That is the Question for Higher Education
An excise tax meant to level the playing field in college coaching has led to controversy—and confusion—in how it’s [...]
6 Year-End Tax Planning Moves for Individuals
With the holidays approaching, you might think that your 2019 tax year is set in stone. But it’s not [...]
6 Year-End Business Tax Planning Moves
You might be winding down the calendar year, but tax season is just about to begin. That makes it [...]
Florida Sales Tax Decrease: Important News on Commercial Rent!
Beginning on Jan. 1, 2020, Florida’s state sales tax on the total commercial rent charged for renting, letting, or [...]
R&D Credits are Alive and Kicking in the TCJA!
Many of the changes brought about by the Tax Cuts and Jobs Act (TCJA) can benefit taxpayers already claiming [...]
Free Parking? Not Necessarily – QTF and the Tax Cuts and Jobs Act
Businesses and nonprofits should expect changes when it comes to parking benefits. The Tax Cuts and Jobs Act has [...]
Important Info for Nonprofits: QTF and the Tax Cuts and Jobs Act
Businesses and nonprofits should expect changes when it comes to parking benefits. The Tax Cuts and Jobs Act (TCJA) has [...]
Alert: New Business Credit for Providing Paid Family and Medical Leave!
Businesses have another reason to be excited about the Tax Cuts and Jobs Act—a business credit for providing their [...]
Offsetting a Tax Bracket Bump with Qualified Charitable Distributions
The close of the year is an important time to consider liabilities and other tax events that may affect [...]
A Refresher on the 20% Pass-Through Deduction
The 20% pass-through deduction was big news for small businesses when the Tax Cuts and Jobs act was signed [...]
Tax Season 2018: The Rundown on Individual Returns
Tax Season 2018: The Rundown on Individual Returns The Tax Cuts and Jobs Act was big news when it [...]
Breaking News: Meals Still Deductible Under New Tax Laws
The Internal Revenue Service (IRS) issued guidance on Wednesday to reaffirm that taxpayers can still deduct 50% of their [...]
The Latest Developments on Tax Reform
Think you know everything about the new tax laws? Think again! Because while the Tax Cuts and Jobs Act passed [...]
Passing Through: Realtors Are Now Eligible for a Big Tax Reform Benefit!
Great news for Realtors— the Internal Revenue Service (IRS) has clarified that among other professionals, real estate professionals are [...]
Higher Education Uncertain About Impacts of Tax Reform
Virtually every individual and industry in America will be affected by the Tax Cuts and Jobs Act—including higher education. However, [...]
Newly Reduced HSA Maximum Contribution Limits!
The IRS has announced new HSA maximum contribution limits to health savings accounts, courtesy of the Tax Cuts and [...]
DPAD: Going, Going…Replaced?
In 2004, producers of goods in the U.S. were awarded a tax incentive called the domestic production activities deduction (DPAD). [...]
New Rules for R&E Expenses
Companies in many different industries incur research and experimentation expenses. Whether they are developing new software, testing new formulas, [...]
Updated W-4 and Tax Calculator Now Available
Following the major change in the country’s tax code, the Internal Revenue Service (IRS) recently released an updated W-4 form and [...]