Big tax savings ahead for business
$225.00
Description
Abstract: The Tax Cuts and Jobs Act has been widely heralded as business-friendly, and that description is no joke. Those who own a business are likely to enjoy substantial tax cuts, even if they don’t benefit from the new 21% corporate tax rate or repeal of the corporate alternative minimum tax. This article discusses some of the most significant business-favorable provisions, including reduced taxes for pass-throughs and accelerated depreciation deductions and, on the flip side, a limited interest expense deduction.
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