The United States House of Representatives recently released proposed legislation entitled the “Tax Cuts and Jobs Act.” The proposal contains major changes to business income taxation, which have been summarized below. Note that this legislation is only proposed; it is not law.
Observation – The new ‘bonus’ provisions would be available for the taxpayer’s first use of property, repealing the current requirement that original use of the property begin with the taxpayer.
RDHB CPAs provides its clients with personalized tax, business planning, accounting, auditing, and wealth management services. The items discussed in this report are just a few highlights of the business changes in the new tax proposal. For more information on the new tax proposal, please contact David Feor, CPA at email@example.com, or a member of your RDHB team.
Stop spending hours going over your taxes and trying to make heads or tails out of it. The effort you put into looking up laws and hoping you are on the right track can be better spent. It is a myth that Rochester accounting is too expensive…
RDG+Partners wants to be the primary advisor for motivated business owners. The firm is committed to providing boutique level accounting, tax and business consulting services to the Rochester, NY community.