Overview of Tax Cuts and Jobs Act Signed December 22nd, 2017

Wednesday, December 27 2017 15:31 Written by  Michael W. Mills

On December 22nd, President Trump signed into law the Tax Cuts and Jobs Act, which will take effect on January 1st.  This legislation will have far reaching implications for both individual and corporate taxpayers.  The attached analysis and charts provide an overview of some of the key changes made by the new Act, along with some planning considerations between now and year-end.

Tax Cuts and Jobs Act

 

Michael W. Mills

Michael W. Mills

Mike is devoted to helping businesses build value and improve working capital, and helping individuals preserve and protect their family wealth.  Foundational to this mission is his concentration in the area of taxation, which impacts so much of business and personal financial planning.  In representing businesses, this includes counseling clients on the tax aspects of business formation, financing, reorganization, and acquisition transactions, as well as business succession planning.  With individual clients, this includes assistance with income tax planning, and planning for estate, inheritance, and other death taxes.

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