corporate

Is the Trump Tax Plan Good for Small Business? Well, It Depends

Is the Trump Tax Plan Good for Small Business? Well, It Depends

On December 22, 2017, the Trump Tax Act was signed. The “Act” has several provisions that will be of direct effect towards small to medium businesses and owners. Following are select changes that took effect as of 31 December 2017 as a result of the Act.  If you haven’t already, we suggest you review your plans with the guidance of your accountant to ensure you understand the full impact of these tax changes on your business and personal tax situations.