HOW THE TAX REFORM AND JOBS ACT IMPACTS BUSINESS OWNERS
Are you the owner of a Pass Thru Business Entity? For instance, do you do business as a sole proprietorship, S Corporation, LLC or Partnership? If so, you may have heard that there was potentially good tax news coming from the Tax Reform and Jobs Act, passed by Congress in late 2017. You may be able to take a 20% deduction of your qualified business income (QBI) from your personal income? I don’t want to throw cold water on this news. But there is a difference between the pro