Over the past year we’ve helped you understand tax reform and the impact it has on your business and individual situation. You may have already benefited from some of the new opportunities, credits and deductions. Or, you might have had your return extended awaiting additional guidance on certain tax reform provisions.
However, one thing is becoming certain for us and many businesses—as new guidance becomes available, continued tax planning is the key. The impact of tax reform and the conversations surrounding the legislation continue, and will continue, long past the 2018 tax return filings.
Why Tax Reform Is Still Important
But perhaps you need more persuading? We recently asked our tax partners a simple question: Why should clients still care about tax reform?
Here’s the top seven responses from those conversations:
Real Benefits of Tax Reform
Did we see clients benefit from tax planning and other specialized conversations surrounding tax reform? Yes, we did. The following outlines a couple examples.
On a wider basis, through advanced tax planning, many clients benefited from knowing the new rules by applying:
Want to learn more about how you can start or continue to benefit from tax reform, now and into the future? Contact your Eide Bailly professional to request a planning conversation or visit our Tax Reform website to learn more.
Stay current on your favorite topics
Applicable Services
Take a deeper dive into this Insight’s subject matter.
Tax