Is your team ready to meet the demands of the new tax law?

The $1.5 trillion Tax Cuts and Jobs Act, signed into law in December 2017, is an overhaul of business, individual, and international taxes in the United States. It’s the largest revision to the tax code since 1986, and it changes the way public and private businesses of all types and sizes are taxed.

The law includes sweeping changes intended to help drive economic growth, including a flat 21 percent corporate tax rate that replaces graduated tax brackets. The new rules also impact, among other areas, expensing of capital expenditures, deductions, purchases, inventories, charges for foreign earnings and profits, net operating losses, and year-end disclosures.

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