Tax reform roundtable discussion
INSIGHT ARTICLE |
With the first major tax code reform since 1986 now signed into law, businesses and individuals are looking to understand how the changes affect their businesses, as well as their individual tax plans. Changes to be applied in 2018 include the individual exemption on personal taxes, a cap on the deduction of state and local taxes, a reduction in the corporate tax rate and the elimination of the corporate alternative minimum tax (AMT), along with new ceilings on net operating losses and net interest expenses.
As the implications of the recent changes become clear to middle market businesses, RSM’s Matt Talcoff provides his perspective in a virtual roundtable discussion with Crain’s New York Business. Matt was selected to contribute to the discussion along with three other tax professionals.
Read the full article to learn more about the impact of tax reform on the middle market, and why some of the provisions are so important.
In the discussion, Matt and the other contributors provide insight on choice of entity; considerations for handling the business income deduction (and which types of businesses may be excluded); the importance of the international provisions; a discussion of the repatriation tax rates, and more.
Read the complete discussion for Matt’s perspective on the changes, and how they’re specifically affecting middle market businesses.