Wondering how the new tax reform legislation impacts your business? Do you have a clear idea of what you need to do, how, and by when? 2018 Silver Service Provider Member Plante Moran‘s tax reform playbook can help.
Summary of the article by Michael Monaghan and Kurt Piwko for the Plante Moran blog.
For most commercial businesses, the Tax Cuts and Job Act (TCJA) offers a welcome profitability boost. The tax reform legislation significantly lowers corporate tax rates, but its provisions raise the stakes for how tax planning strategies can help – or hurt – your business going forward.
In this article, Plante Moran provides an interactive playbook that helps you evaluate, in clear and understandable terms, what implementing tax reform will look like for your business. The playbook outlines the implications of key provisions of the new tax reform legislation, including:
- Bottom-line implications of key provisions of the new tax reform legislation
- How international businesses will be affected
- What you can do now to optimize your position for the 2017 tax year before it’s too late
- How to prepare your business for the 2018 tax year and beyond
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About Plante Moran
Plante Moran is among the nation’s largest accounting, tax and consulting firms. With more than 2,200 dedicated professionals in 23 offices, Plante Moran has provided a full range of services to venture capital funds for more than 20 years.
Key service offerings include assurance and tax services; transaction and tax structuring; cybersecurity; due diligence; purchase price allocation; transaction support services; medical device commercialization consulting; tangible and intangible valuation; and personal and family office tax services. Whether it’s structuring a tax savvy transaction, assistance navigating complex fair value accounting frameworks, or analyzing and understanding the impact of legal agreements, Plante Moran has the expertise to assist you in reaching your fund’s goals.