2018 Year-End Tax Update


As 2018 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 2018 is complicated by the various changes to the tax code under the Tax Cuts and Jobs Act (TCJA), and changes to come under new proposed regulations being announced by the IRS. These changes have begun to take shape and may drastically alter your tax position for the 2018 tax year and require alternative tax planning strategies for this tax year. These changes have significantly altered the tax landscape and require a different approach to tax planning that may not have been utilized in previous tax years. This creates opportunities for taxpayers to save significantly on their tax liabilities with some tailored tax planning solutions. Always contact your HBK Tax Advisor before implementing any of the strategies outlined in this guide. Our team is ready to assist you in evaluating each of these opportunities within the context of your unique tax position.

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About the Author(s)

Amy is a Principal and the Chair of the Tax Advisory Group at HBK CPAs & Consultants. The Tax Advisory Group is a group of highly specialized professionals who provide tax training to our team members, oversee compliance with tax policies in order to mitigate risk to the firm, and provide tax planning and consulting services for our clients.

Amy is the Co-National Director of the Nonprofit Solutions group. She also leads the HBK's diversity and inclusion initiative.

Amy specializes in estate, gift, trust, individual, and nonprofit taxation. She is skilled at researching complicated tax issues, consulting on complex estate plans, and providing guidance for our clients to ensure they are in compliance with their tax filing responsibilities.

Amy enjoys sharing her knowledge and passion for tax planning with clients and other professionals. She is a frequent speaker at bar association and estate planning council events, and has authored many articles discussing tax planning techniques and compliance issues.

Hill, Barth & King LLC has prepared this material for informational purposes only. Any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or under any state or local tax law or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Please do not hesitate to contact us if you have any questions regarding the matter.