Tax Reform is Here!
As you are all aware by now, the recently enacted Tax Reform took effect on January 1, 2018. We want you to know that we are working very hard to make sure we understand the potential effects of this new legislation to your hard-earned dollars.
The new tax law is comprehensive and it changes the applicable income tax rates, deductions, exemptions, etc. for both individuals and businesses.
The following materials present a brief summary of the major changes in the tax law. Given how the law has only been recently enacted, we expect that further guidance and clarifications will be issued in the weeks and months ahead.