How will the Tax Reform Bill affect startups and small businesses?
Back in December, the GOP-sponsored tax bill titled the “Tax Cuts and Jobs Act of 2017” was signed into law after a relatively quick journey through both houses of Congress. The bill, containing long-awaited tax cuts and reform, has several stipulations which will affect small businesses and startups during the 2018 tax season.
This bill, while the subject of intense debate, is going to affect next year’s taxes – and there are ways businesses should prepare.
To find out which aspects of this bill are relevant for startups and small businesses, we brought in David White, CPA and Partner with Carr, Riggs and Ingram.
In this 10-minute bonus episode of Startup Capital, we asked David how this bill will affect startups, and how the playing field for all businesses will be shifting in 2018.