Tax planning is difficult in those years you expect to recognize unusually high amounts of income in a single tax year. There is a new solution to deferring taxes on these transactions, they are called Opportunity Zones.
Tax planning for small-to-medium sized businesses is crucial, but often underutilized. We show business owners how to leverage tax planning opportunities to pay for their retirement.
The Tax Cuts and Jobs Act legislation was signed into law on December 22, 2017. The Act makes extensive changes that affect both individuals and businesses. Some key provisions of the Act are discussed below.