COVID Resources

TCJA Series

The Tax Cuts and Jobs Act – C Corporation Tax Rates

Last time, we looked at individual tax rates. This time, let’s look at the bigger picture of C Corporations. PART 2   C Corporations currently pay taxes on a graduated scale up to 35% of taxable income. Personal service corporations (attorneys, engineers, etc.) pay at a flat 35%. Beginning in 2018, all C Corporations will…
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The Tax Cuts and Jobs Act—Individual Tax Rates

You’ve probably noticed that every media outlet has been offering endlessly opposing opinions about the Tax Cuts and Jobs Act (TCJA). That’s because it’s complicated. So we’re starting today with a multi-part series examining specific provisions of the new tax bill and what they will mean for you. PART 1 The fact is, it’s impossible…
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State and Local Taxes—Changing Limitations into Opportunities

The recently passed Tax Cuts and Jobs Act (TCJA) limits certain deductions, but there’s a way to transform limitations into opportunities that make a lasting difference. By now you know that the TCJA places a limitation on the deduction for taxes paid at the state and local level. Beginning in 2018, the aggregate deduction is…
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