The proposed tax reform plan looks like it will indeed impact many of you. We’ll have more about it in the coming months as we know more after the final bill is signed. Our job isn’t to comment on the political or socioeconomic effects of the proposal but rather to determine what effects it will have on individual clients. High level it looks like we may be looking at only 3 tax brackets, repeal of the estate tax, repeal of the the Alternative Minimum Tax and a decent reduction on taxes paid by many freelancers and self-employed clients. We’ll have much more on this in our next client newsletter and in the coming months.
This is so good…The Worm Has Turned | The Daily | L2