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Like Trump or Not, Here’s How the New Tax Laws are Good and Bad for Black Small Business
Source:
blackenterprise.com
- Apr 23, 2018
t’s likely that U.S. entrepreneurs—including black small business owners—are now trying to figure out how the $1.5 trillion Tax Cuts and Job Act will affect them and their businesses.
The new provisions are effective beginning this year through 2025. Small business owners should now be planning for the 2018 tax year and setting up their operations to minimize their tax liability.
Thomas Jones Jr., the lead tax partner for the black-owned public accounting firm of McConnell & Jones L.L.P. in Houston, says American business owners are trying to understand the impact of the new tax law on their businesses, themselves, and their families.
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Category: General Business
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