Ultimate Account Blog

The Implications of Tax Reform - An Overview

US Capital


The Tax Cuts and Jobs Act signed into law in the waning days of 2017, marks the first significant tax reform legislation in over 30 years.  As a service to our clients and business associates, the Walz Group hosted a Tax Reform Seminar to address the many questions and concerns raised by the new legislation.

Below is a summary of the presentation from that seminar, which gives a high-level overview of the tax reform and its effects on the following areas:

  • Pass-through Entity Provisions (Partnership / S Corporation)
  • Other C-corporation and Business Provisions
  • Key Tax Accounting Methods
    • Cash Method of Accounting
    • Interest Expense Deduction Limitation
    • Depreciation
  • Individual Tax Provisions
  • Other Considerations

You may download a PDF copy of the presentation by clicking here.

Company and individual tax situations are dynamic and a one-size fits all approach will not adequately address tax-planning concerns. If you are the owner of a closely held or family-owned business, we encourage you to begin a conversation with one of our professionals who will recommend a plan of action that is right for your situation. Contact us today through the form below to start the conversation.