We are now closer to tax filing season than ever. Half of the year is gone. Are you ready to get down the Christmas lights? No. Well, Christmas is coming and so is tax season along with new laws, rules and regulations. In December of 2017, the Tax Cuts and Jobs Act of 2017 (TCJA) was passed into law. This legislation significantly reduced the tax rate for corporations while making small reductions in taxes for individuals. Make sure your CPA is working for you! Most of my clients are closely held entities such as S-Corps, LLCs, LLPs, LLLPs and sole proprietorships. There is a new tax deduction for the owners of pass-through entities under Section 199A which is a deduction for Qualifi
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