Please join us on Wed., Nov. 14, 2018 when Janice Butler, CPA will present "A Review of Significant Tax Changes Affecting Individuals and Businesses".
On December 22, 2017 President Trump signed into law the “Tax Cuts and Jobs Act,” a sweeping tax reform that will entirely change the tax landscape. The legislation reflects the largest major tax reform in over three decades. This comprehensive tax overhaul dramatically changes the rules governing the taxation of individuals providing new income tax rates and brackets, increasing the standard deduction, suspending personal deductions, limiting the state and local deduction, among many other changes. For businesses, the legislation makes a number of changes involving expenses.
This presentation will provide an overview of some of the significant tax changes impacting individuals and business owners including:
- State and local tax deduction limitation
- Mortgage interest deduction limitation
- Elimination of miscellaneous deductions
- Elimination of unreimbursed employee business expenses
- Repealed and new deductions for business
- Changes regarding deductibility of meals and entertainment
Illustrated examples will be provided.
This presentation is meant as general information and does not create any client relationship. This presentation is not tax advice. Do not rely on if for yourself. Remember regulations are coming and this content may become outdated.
Janice Butler, CPA has over 20 years of accounting experience working in public and corporate accounting. She is the owner of Janice M. Butler, CPA providing individual and business accounting and tax preparation services with a personal touch. Since 2008, Janice has been an accounting professor at various higher education institutions. Currently, she is a lecturer of accounting at the University of Hartford Barney School of Business, accredited by the Association to Advance Collegiate Schools of Business placing it in the top 5 percent of all business schools.