As 2017 winds down, business owners may still benefit from several tax savings strategies. At HBK CPAs & Consultants, we want to ensure that our clients and colleagues are aware of the many opportunities still available and applicable even this late in the year.
Year-end planning for 2017 is complicated by impending changes to the tax code for 2018 and beyond. President Trump made tax reduction a centerpiece of his economic plans during his campaign by proposing lower and consolidated individual income tax rates, expanded tax breaks for families and the intent to repeal the Affordable Care Act. Those proposed changes are starting to take shape and may drastically alter current tax laws.
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