Freed Maxick Tax Team
Listen to Freed Maxick tax directors describe the “must know” news for business owners
There are a significant number of new rules and opportunities for business of all kinds and sizes to minimize their Federal taxes as a result of the Tax Cut and Job Act. One year later, we’re happy to present these recorded interviews with Freed Maxick Tax Directors, Bill Iannarelli and Don Warrant discussing aspects of the new Tax Cuts and Jobs Act that business owners need to know.
New Rules About Depreciation
In this recorded interview, Bill talks about how the new Act allows for the full expensing of real property placed in service after 9/27/17, and expanded definitions of qualified real property. Listen now.
20% Tax Pass-Through... Are You Eligible?
Bill discusses the 20% tax pass through for domestic qualified income for selected business types in this recording, including eligibility requirements and specific exclusions. Listen now.
New Rules and Opportunities for Businesses
Bill presents his observations and insights on changes made to entertainment expensing – what’s in, what’s out and what employers need to know about providing meals to employees. Listen now.
Expensing Assets and More
In this interview, Don talks about two important changes: businesses having more opportunity to expense assets in the year of purchase, and the ability of some business owners to reduce their taxable income by 20%. Listen now.
Opportunities in Opportunity Zones
Don describes an opportunity for real estate investors in opportunity zones to defer Federal taxation of capital gains until 2026. Listen now.
Connect With Us
If you would like to discuss how Federal and State changes to tax codes affect your situation, please call the Freed Maxick tax team at 716.847.2651 to schedule a complimentary Tax Situation Review. Or, click on the button, give us your contact information, and a member of our staff will connect with you to schedule a discussion.