Tax Reform Guidance

Tax Reform Guidance/Optimization of 199(A) Deduction

The Tax Cuts and Jobs Act of 2017 was the largest overhaul of the tax code in nearly three decades. The passing of this act creates major tax planning opportunities for businesses and individuals alike. Items that were affected were changes in tax rates, deprecation elections, estate taxes, and several deductions for small business owners such as the 199(A) deduction.

Once your AGI gets to a certain point, the 199(A) deduction will be phased out. We help to analyze your situation and optimize your 199(A) deduction.

Another tax code section that was introduced that greatly benefits small business owners was Section 168(k), which is the new bonus depreciation rules. We can help identify and implement this code section on your business to ensure you are taking advantage of all the deductions available to you.

Tax Services

Our professionals have extensive experience in tax preparation and planning for S-Corps, Partnerships, LLCs, C-Corps, Estates, and Trust tax returns. We pride ourselves in understanding complex tax transactions and can implement tax strategies to minimize tax liability.

Business Advisory

Our firm will guide you through any challenge you face such as buying or selling a business, succession planning, understanding how the tax reform (TCJA) can benefit your business, converting your entity structure to a more favorable treatment, assisting in getting your business a loan, analyzing your current insurance policies, among various other advisory services.

Individual Advisory

Our professionals will assist in helping you reach your financials goals. We take a closer look at your current financial/retirement planning and analyze your options, while taking into account tax deductions. We consider the value of your estate and will be able to implement estate planning strategies so your wealth can transfer seamlessly to your family.

Tax Reform Guidance