Tax Reform and Business Expense Deductions: What You Need to Know

• Overview

Gain a better understanding of how the new tax reform impacts business expense deductions.

Don't wait until trying to file your 2018 tax returns to learn about the Tax Cuts and Jobs Act. Major revisions, like this, to the tax code have not occurred since 1986. This topic will help you attain a better understanding of this new tax legislation as it relates, in particular, to business expenses and related other available deductions. This information is critical for business owners and employees, so that the right information can be tracked now at the beginning of 2018 as opposed to trying to obtain the necessary information after-the-fact to file the tax return.

Authors

Agenda

Background of the Tax Cuts and Jobs Act From a Business Perspective

Tax Rate Adjustments

Business Expense Deduction Changes and Limitations

SEC 179 Asset Deduction Changes

New SEC 199A - 20% Deduction for Qualified Business Income of Pass-Thru Entities