Tax Cuts and Jobs Act Major Business Provisions

Tax Cuts and Jobs Act Major Business Provisions

The Tax Cuts and Jobs Act that was signed into law last month made some pretty significant changes to the way business will be taxed including:

  • Corporate Tax Rates
  • AMT
  • Bonus Depreciation
  • Section 179 Expensing
  • Interest Deduction Limitation
  • Net Operating Losses
  • Domestic Production Activities Deduction
  • Meals and Entertainment Deductions
  • Conversion from S to C Corp

This legislation covers a lot more than the items we have mentioned above. If you wish to discuss how these or the many other changes in the Act could affect your particular tax situation please contact our professionals at 859-331-1717.

Please see Rudler PSC e-Tip Tax Cuts and Jobs Act Major Business Provisions for more details.