Tax reform for business owners
The Tax Cuts and Jos Act of 2017 (TCJA) was enacted with the intention of spurring economic growth and stimulating business investments. All business owners will see changes in their tax returns. It is important to sort out the key points of the tax reform. C Corporations: Entities that file their taxes on Form 1120 are C Corporations. The tax rate for C Corporations was reduced from 35 percent to… Read more