The 2017 Tax Act (formerly referred to as the Tax Cuts and Jobs Act) has brought a plethora of changes to tax law that significantly affect individual and business taxation. These changes provide meaningful opportunities for clients and their tax advisers to analyze and discuss its impact and to plan accordingly. Our tax attorneys are informed, experienced and ready to help. How can your business take advantage of these new provisions? Is change necessary? Where are the opportunities and what are the risks? With almost 60 years at the forefront of tax law, we can work with you to determine the best way to position your business with respect to these new rules, keeping in mind your specific business goals.
Preparing for the New Partnership Audit Rules: Why It's Critical to Act Now
Beginning with your 2018 tax return, every entity taxed as a partnership (which includes most LLCs) will have to take some level of action in respect to new audit rules. The new rules fundamentally change the way in which tax liability is assessed and collected. In order to best protect your business and its owners, every operating or partnership agreement should be amended. Lisa Starczewski explains why it's critical to act now and how we can help.
Sharing Our Expertise through the Bloomberg Tax Roundtable Discussion
Hear from Lisa Starczewski and Bruce Booken on the new challenges surrounding Choice of Entity, part of Bloomberg's “Implications of the 2017 Tax Act” webinar series. Learn what you need to think about when considering restructuring an existing business or choosing a form of entity for a new business in light of the reduced corporate rate, the new 20% deduction on certain pass-through income and other tax reform changes that could affect the choice of entity decision. Lisa expands the conversation to include a wider array of topics in "New Choices and Challenges: Working Through Key Issues in the 2017 Tax Act."
Ready to address how these new tax laws affect you and your business?
Give us a call. Our attorneys can provide an analysis of how the 2017 Tax Act will affect your business, whether change is necessary to optimize the tax result under the new rules, and present options and pathways that ensure your business and tax goals are met.