Every year, the Board of Trustees of the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds (OASDI) issues its annual report on the Social Security system. The report details the current financial status of both Social Security and Medicare as well future projections. The 2018 report has one key takeaway—both programs are […]
Accounting News
The passing of the Tax Cuts and Jobs Act resulted in a lower tax rate for corporate America. How do these lower taxes compare to other countries around the world? This articles discusses the benefits of tax reform and examines how the US ranks in terms of corporate tax rates. To view this article, click […]
Although it is early, the market friendly tax reform plan has enabled stock market and economic growth so far in 2018. This article discusses predictions for the market in the future and how the tax plan has caused economic growth so far. To view this article, click the following link to access the original content. […]
With the passing of the new tax act, business owners should carefully prepare for the upcoming tax season. This article discusses steps business owners can take to ensure proper tax filings, and the importance of a financial advisor. To view this article, click the following link to access the original content. https://www.entrepreneur.com/article/309716
As tax reform begins in America, many businesses might want to consider filing as a C corporation. In an article from Inc., author Zoe Henry writes, “Most U.S. small businesses currently don’t qualify for the reduced corporate tax rate. The majority of small enterprises are structured as pass-through entities such as limited liability companies or […]
The Tax Cuts and Jobs Act, which was passed in both houses of Congress earlier this week, was signed into law by President Trump on December 22, 2017. The majority of the provisions contained in the sweeping reform legislation go into effect as of January 1, 2018. Read on for a few recommendations on actions […]