The 2018 tax reform is the most significant change to the tax code in over 30 years. When you file your 2018 tax returns — about a year from now — your tax return will look very different. And because most changes don’t happen until then, we have some time to learn about the changes and plan for next year. Some of the changes include:
- Corporate tax rates changes
- Significant changes to the way pass-through business income is taxed. This includes income earned by sole proprietorships, LLCs, partnerships and S Corporations.
- What you can and no longer deduct in 2018
- Changes to certain business tax credits and loss carryover rules
About the speaker
Tri Hoang is a partner in the Alpha B Group (http://www.alphabgroup.com/ ), a Santa Clara firm that has been providing business and individual tax services as well as accounting and bookkeeping support to businesses for more than a decade.
Here are the videos from February meeting on “What the 2018 Tax Reform Means for Consultants?”