Now that we have an updated tax code, what should you expect from the markets and the economy overall in the coming year? It’s always been true that changes to the tax code create unexpected benefits and consequences. This time will be no different. Tax code changes Prior to reform, the U.S. corporate rate was …
tax reform
How Does the New Tax Bill Affect Me?
Congress just passed a controversial tax bill. There has been much discussion about what it “could” mean, but now it’s passed, let’s look at what we know. New tax brackets The number of brackets remains the same at seven, but rates have changed and the income levels to which they apply have moved. Notably, the …
What Should I Do About the Tax Overhaul?
Many clients have been asking about the new tax overhaul. They are concerned it might have a negative impact on them and are wondering what action to take right now to protect themselves. There’s no need to panic about the tax proposal. But, there are few key aspects of the plan you should know about. …