Five Tax Reform Strategies for Business Owners

With the passage of the Tax Cuts and Jobs Act in late 2017, virtually all areas of federal tax law saw sweeping changes. As a business owner, it’s particularly important to understand how these changes can work to your advantage as you consider your tax planning under today’s new laws. Five strategies—including restructuring your business to optimize its available income tax benefits—may help you make the most of this advantageous tax climate, and before some of the provisions expire in 2025.