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Articles From Lumsden McCormick

2018 Year-End Tax Planning for Businesses

On December 22, 2017, President Trump signed sweeping federal tax reform into law. Tax reform has significantly changed the U.S. tax system for both individuals and businesses. Our eBook covers some of the most impactful measures from tax reform affecting businesses including:

  • The corporate rate was permanently reduced from 35 percent to 21 percent
     
  • The availability of cash method accounting has been expanded to small businesses
     
  • The corporate alternative minimum tax (AMT) was eliminated
     
  • The Section 199A deduction for pass-through business owners
     
  • The bonus depreciation rules grant full expensing and have been expanded
     
  • The U.S. international tax landscape has changed significantly
     
  • The Federal Research Credit is more valuable than ever

Download our eBook: 2018 Year-End Tax Planning for Businesses.

 

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