Tax Reform has brought with it two main questions…How am I impacted? How is my Business Impacted?
Our Tax Cuts & Jobs Act resource center provides everyone from individuals with a W-2, to Business Owners and beyond, with informaiton on the impacts of Tax Reform and the role it my play in planning for the 2018 Tax Year.
Scroll below for more information on the Tax Cuts and Jobs Act. Make sure to venture back to teamdkb.com often and follow us on LinkedIn and Twitter for the most up to date information on Tax Reform, and other government regulations. If you have any questions or concerns, please contact one of our Tax Reform experts listed below.
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[blog]March 19, 2018
Do you live in Elmira, NY? What about Rochester? Or Buffalo? The Tax Cuts & Jobs Act’s (TCJA) change to IRC Sec. 118 is likely to have a significant impact on the prevalence of urban revitalization efforts in your communities.
[blog]March 6, 2018
The Tax Cuts and Job Act (TCJA) includes provisions that will impact some service industries. One question you might be asking yourself is, “what is a service provider”. Service industries are ones where the principal driver of income is the know-how of one or more of the employees of the business. This includes medical practitioners, lawyers, architects, engineers, performers, athletes, financial service providers, brokers, accountants, etc. If you fall into one of these categories, you are a service provider.
[blog]February 5, 2018
With all of the federal tax changes starting in 2018, one of the questions that follows is how does this impact New York? Some good news for New York residents is the NYS Senate passed a bill to protect taxpayers from a $1.5 Billion State Tax Hit, from changes imposed under the Tax Cuts and Jobs Act. However, the bill still has to go to Assembly, and then to Governor Cuomo for approval. NYS residents are not in the clear from this tax hike yet.