The best course of action for businesses looking to reap the benefits of tax reform? Act with confidence and plan for the best.
After more than 30 years of no serious change to the American tax code, Congress passed the Tax Cuts and Jobs Act on December 22, 2017. Under President Donald Trump, this sweeping piece of legislation makes drastic amendments to the Internal Revenue Code of 1986. According to the White House’s official website, this move is a “great start” to the U.S. government’s project of American renewal.
Being informed is the best thing you can do as our world continues to constantly change. Developing an understanding of the tax reform will lead you to understand why other changes occur.