- House Releases Tax Cuts & Jobs Act - See How It Might Affect Your Business
- The House Ways and Means Committee included a substantial number of proposed tax changes affecting businesses in the Tax Cuts and Jobs Act. This article covers those proposals generally affecting self-employed taxpayers and small businesses. When reading the information included in this article, please keep in mind that it is PROPOSED legislation and is not law yet. However, it does give you an insight to what may be coming. These provisions would be effective in 2018 unless otherwise noted.
- What is a KPI?
- What is a KPI? And why you should be using them for your business.
- Tax Cuts and Jobs Act - See How It Would Affect You
-
The House of Representatives Way and Means Committee has finally released their version of the long-promised tax-reform legislation. This is the first step toward enacting new tax legislation. A Senate version is also required; if both versions pass, the two bills will then be reconciled, and both chambers of Congress will then need to pass the final bill before it can go to the President to be signed into law. There is no assurance that this tax-reform legislation will pass; it looks likely that the vote will largely be on party lines, so, if some Republican members of Congress do not vote with their party, the legislation could fail. Thus, it is important to stress that the information included in this article is on legislation that merely has been proposed and that is not law yet. However, this article will give you insight about what may be coming. The provisions described below would be effective in 2018 unless otherwise noted.
- Possible Tax Reform and What it Means For Year-End Planning
-
As of Friday, December 1, 2017 the Senate is close to a vote on their version of the Tax Cut and Jobs Act. Rumblings out of Washington DC indicate that the GOP leadership has reached an agreement that the House will put the Senate version to a vote without reconciling the differences between the House and Senate versions. As a result, the Senate version would prevail and it would become the new tax law if the President signs the legislation, which he has said he will do. But no one has a crystal ball and we will be following this closely.
- Is Your Income Too High to Contribute to a Roth IRA?
- There is a legal work-around to the high-income limitation.
  |
|  |