Have you thought about doing a tax projection for 2018?
Obviously, this isn’t everyone’s cup of tea. However, no one wants to be surprised around tax time. Here’s why you should get a head start on knowing the new tax law and how it will affect you and/or your business in the coming tax year.
We are seven months into the New Year. You may not be aware that we have a new tax law that went into effect on December 22, 2017, or that most of the provisions took effect on January 1, 2018.
Here are some highlights of this new tax law and how it may affect you or your business:
This is important if you were divorced in 2017 or going to be divorced in 2018. You might have been calculation your taxes under the old tax rates.
These are just some of the points of interest that may affect you, the taxpayer. It is better to know what your taxes will be for the end of the year. Therefore, it is time to contact your CPA or local tax professional and consider your tax protections. They have fully studied up on this new law and will be more than happy to help you when filing your taxes.