Tax reform legislation passed in late 2017 is having an impact on small businesses beginning with the 2018 tax cycle. How can small-business owners make the most out of the new tax laws and what impact will it have on their business finances?
Summary of the Family and Business Tax Cut Certainty Act of 2012
Businesses can enjoy a variety of tax credits. On August 2, Congress passed the Family and Business Tax Cut Certainty Act which extended some of the existing tax credits for small businesses. Listed below are some of the often-overlooked credits that may come in handy for reducing your tax liability: