Year-end 2018 presents challenges and opportunities for tax planning that have not been present before. With 2018 seeing the implementation of the vast majority of the Tax Cuts and Jobs Act (TCJA) provisions, tax professionals have to be ready to adopt new strategies to assist taxpayers in maximizing tax savings under the new laws.
Here are the areas covered in our 2018 Tax Planning Briefing:
Individuals
- Income tax rates
- Capital gains tax rates
- Inflation adjustments
- Divorce
- Increased standard deduction
- Medical expenses
Businesses
- Depreciation and expensing
- Transition tax
- Reportable corporations
- Paid family leave act
- Employee compensation & benefits
