While all have been eager to see the impact of the new tax bill, “Tax Cuts and Jobs Act”, we recently attended a presentation offered by the Tennessee Society of Certified Public Accountants.
To say it is overwhelming would be an understatement. There are so many changes and implications that no one blog post could come close to explaining it properly. I am not sure your CPA will even be able to explain it this early in the year. Nevertheless, I encourage you to reach out to your CPA/ tax preparer to start your planning for 2018. There are a couple of areas that impact 2017. Do not delay or put this off. We do not want you to be surprised come March 2019. Remember the adage, ”Prior Planning Prevents Poor Performance”.
Please get with your CPA sooner rather than later.