new-tax-plan-benefits-for-business-owners-large-629572-edited.jpgListen 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.

 

Listen to: "Listen to "New Rules About Depreciation"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.


Listen to "20% Tax Pass-Through... Are You Eligible?"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.


Listen to "New Rules and Opportunities for Businesses"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.

 

Listen to "Expensing Assets and More"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.

 

Listen to "Opportunities in Opportunity Zones"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. 



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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.

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