Episode 35. 5 Trump Tax Changes for Business Owners

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started!Are you a business owner trying to stay ahead of the curve on the latest tax laws? President Trump’s new tax reform has just passed the House, and it brings some game-changing tax updates that will affect how business owners pay taxes moving forward. If you’re not up to date, you could be missing out on massive tax savings, or worse, get caught unprepared.In this podcast, I break down the 5 key changes every business owner needs to know. From overtime pay becoming tax-free, to the QBI deduction increasing to 23% (but watch out if you’re a doctor, attorney, or accountant), these shifts could seriously impact your tax strategy. I also explain how bonus depreciation is making a comeback, why the PTET strategy is evolving, and how the R&D credit is finally getting its full power back.Bottom line: If you’re not updating your tax strategy now, you’re either leaving money on the table or walking into a problem you could’ve avoided.Listen to this before your CPA shrugs and says, “Let’s look at that next year.”🆓  Download FREE PDF: 7 Write-Offs Every S-Corporation Business Owner MUST Know:   https://7taxwriteoffs.com/?el=podcast&htrafficsource=buzzsprout*Disclaimer This material & presentation content is for informational and educational purposes only. This material and presentation content is designed to provide general information regarding the subject matter covered. It is not intended to serve as legal, tax, or other financial advice related to individual situations. Because each individual’s legal, tax, and financial situation is different, specific advice should be tailored to the particular circumstances. For this reason, you are advised to consult with your attorney, accountant, tax preparer, and/or other advisor regarding your specific situation or your client’s specific situation. The information and all accompanying material are for your use and convenience only.