Title: Top Year-end Tax Planning Ideas for Businesses
1Top Year-end Tax Planning Ideas for Businesses
Year-end business tax planning takes place
against the backdrop of legislative changes that
occurred in late 2017 from The Tax Cuts and Jobs
Act and new leadership in place with its tax
policy agenda being proposed. For enterprises,
the Tax Cuts and Jobs Act cut the corporate tax
rate to 21, the corporate AMT is now gone, and
there are new limits on firm interest
deductions. Review Structure of Business Review
Retirement Plan Options Time Business Income and
Deductions Take Benefit of the Business Expensing
Election Splitting Business Income with Family
Members Check how the secure act impacts your
business