Submitted by UCS on December 10, 2018

The Tax Cuts and Jobs Act of 2017 Dramatically Changed How Businesses approach tax planning, including Business Entity

As we prepare to close down 2018, it’s equally as important to begin preparing for 2019.  With changes made to the U.S. tax code over the past couple of years, business owners are forced to take a closer look at which entity type works best for their success.   Your business structure affects:

• How much you pay in taxes
• The paperwork needed to file
• Your ability to raise capital
• Your personal liability
• What types of licenses and permits the business will require

Making the wrong choice could result in tax consequences and other unintended complications.  It is always best to consult with the experts (attorney, business counselor or accountant),who can properly advise on such matters.

For more information on changes under the tax reform law, UCS invites you to read a great post written earlier this year by licensed attorney Jeff Cassin of Scarinci Hollenbeck, LLC on  (The Tax Cuts and Jobs Act of 2017 Dramatically Changed How Businesses approach tax planning, including Business Entity)  

Disclaimer:  Original content found at Scarinci Hollenbeck LLC. Please note by providing access to this site, UCS is not formally endorsing any services offered by this company.

About the author:

Keith Sheppard received his Bachelor of Science degree in Paralegal Studies from St. John’s University.  As a corporate paralegal and manager with over two decades of experience in the legal services field, Keith has developed an awareness for how to assist lawyers and fellow paralegals with corporate filings and due diligence.  Have a question or a suggestion for a blog? Contact Keith at keith.sheppard@unitedcorporate.com