After months of discussion and negotiation, comprehensive tax legislation commonly known as the Tax Cuts and Jobs Act (“the Act”) was signed into law by President Donald Trump on December 22, 2017. In general, its provisions, which encompass more than 500 pages, became effective January 1, 2018. However, careful attention should be paid to each provision’s effective date and expiration date. Some provisions are permanent, while others will expire.
How Zagmout & Company CPAs Can Help
Zagmout & Company CPAs helps individuals and business owners evaluate how changes in federal tax law affect their filings, withholding, estimated payments, business structure, and forward-looking tax plans.
Disclaimer: This article is for general informational purposes only and does not constitute accounting, tax, legal, financial, or investment advice. The application of these matters depends on individual circumstances and should be evaluated with qualified professional advisers.
