iStock-644358770 (2)-524403-edited.jpgListen to Tax Director, Don Warrant’ s take on 2 Key Changes impacting Business Owners in the Tax Cuts and Jobs Act

Freed Maxick presents three recorded interviews with Tax Director Don Warrant on issues of importance for business owners related to tax minimization opportunities resulting from the new Tax Cuts and Jobs Act.

 

Listen to: "Listen to "Specified Service Business Eligibility for the New 20% Qualified Business Income Deduction"Specified Service Business Eligibility for the New 20% Qualified Business Income Deduction

If you own a specified service business as either a sole proprietor or as an owner of a pass-through entity, you might not benefit from a new Federal tax deduction and end up paying tax on 100% of qualified business income, instead of 80%. Hear more about this in Don’s recent interview. Listen now.

 

Listen to: "More Businesses are Eligible for the Cash Method of Accounting"More Businesses are Eligible for the Cash Method of Accounting

Under the new tax law, any business that meets a new $25 million gross receipts test is eligible for using the cash method of accounting. Hear Don talk about the benefits and steps you need to take now to capitalize on this opportunity and minimize future taxes. Listen now.

 

Listen to: "Growing Buffalo"Growing Buffalo

For your convenience, listen to Don’s treatment of both issues in this one podcast, presented in association with Entercom/WBEN’s Growing Buffalo campaign. Listen now.

 

Let’s Talk Taxes

Schedule a complimentary Tax Situation Review and we’ll discuss how changes to the Federal and State tax laws can affect your tax situation.

Tax Situation ReviewPlease call us at 716-847-2651. Or, click on the button, give us your contact information, and a member of our staff will connect with you to schedule a discussion.

 

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For more insight, observations and guidance on the new Tax Cuts and Jobs Act, visit our Tax Reform webpage.