Richard S. Lehman, Tax Attorney in Boca Raton, FL Website, Richard S. Lehman, Tax Attorney in Boca Raton, FL Office, Richard Lehman, Tax Attorney in Boca Raton, FL Tax Lawyer Richard Lehman of Lehman Tax Law announced the release of the first of six videos on the tax changes produced by the “Tax Cuts and Jobs Act of 2017.” United States Taxation and Immigration Law, LLC (N/A:N/A)I have built a national reputation for handling tough tax cases, I want to use my 40 plus years of knowledge to educate and simplify for individuals these confusing and sometimes overwhelming tax laws”— Richard S. Lehman, Tax LawyerBOCA RATON, FLORIDA, UNITED STATES, July 2, 2018 /EINPresswire.com/ -- To explain important, recent tax law changes, Tax Attorney Richard S. Lehman of Lehman Tax Law announced the release of the first of the six videos which will reflect on all the changes that resulted from the “Tax Cuts and Jobs Act of 2017” (also referred to as “Trump Tax … [Read more...] about Renowned tax specialist Richard Lehman announces his new series of six videos on the “Tax Cuts and Jobs Act of 2017”
Tax cuts and jobs act
WASHINGTON, June 29, 2018 (GLOBE NEWSWIRE) -- Customers Bank, the region’s leading super-community bank with operations in Pennsylvania, D.C., Illinois, New York, New Jersey and New England, announced that its President and Chief Operating Officer, Richard Ehst, joined President Donald Trump and others at the White House today to discuss progress made so far following the passage of the Tax Cuts and Jobs Act. The discussion follows the six-month anniversary of the Act’s passage. /EIN News/ -- Ehst, along with business executives from across America, gathered to share how they are reinvesting their tax cuts into higher salaries, new jobs, and expanded business. Following the passage of the Tax Cuts and Jobs Act, Customers Bank announced that it would offer higher deposit interest rates, increase its charitable giving by $1 million in 2018, and would continue to invest in its talent, who all already earn at least $15 per hour. “By increasing our charitable giving and … [Read more...] about Customers Bank President & COO, Richard Ehst, Joins President Trump to Discuss Tax Cuts and Jobs Act Progress Six Months After Passage
On December 22, President Donald J. Trump signed the Tax Cuts and Jobs Act of 2017 (“TCJA”) into law, setting the stage for the most sweeping update to the U.S. tax code since 1986 tax reform enacted under President Ronald Reagan. The centerpiece of the TCJA, is a permanent reduction in the corporate tax rate from approximately 35% to 21%. Thankfully, as expected, the final law has preserved the research and development (“R&D”) tax credit, which was made permanent in the Protecting Americans against Tax Hikes (“PATH”) Act of 2015. While there are no direct changes to the R&D tax credit, there are four major ways that this tax legislation will directly or indirectly affect the taxpayers claiming R&D tax credits. To summarize, the TCJA of 2017: 1) repeals the corporate alternative minimum tax (“AMT”) while retaining and adjusting the individual AMT, 2) makes significant changes to the orphan drug … [Read more...] about The Tax Cuts and Jobs Act retains the R&D tax credit: what does this mean to your business?
Upping the Ante By Kristina Drzal Houghton, CPA, MST It’s June. This is generally not the time to be thinking about taxes. In reality, though, businesses and individuals should always be contemplated taxes and how to reduce their burden. And the Tax Cuts and Jobs Act signed into law late last year gives people even more to think about. Kristina Drzal Houghton The Tax Cuts and Jobs Act, (TCJA), signed into law on Dec. 22, 2017, brought the biggest changes to both individual and corporate taxes that we’ve seen in the past 30 years. These changes were primarily effective for tax years 2018 and after. For many reasons I’ll highlight in this article, these changes make starting your planning early extremely important. I will briefly acknowledge that the TCJA reduced the C-corporation tax rate to a flat 21%, from the previous maximum rate of 34%. Additionally, there were changes made to U.S. taxation of income earned abroad by U.S. C-corporations and their affiliates. The … [Read more...] about Tax Cuts and Jobs Act Puts Greater Emphasis on Planning
The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, contains a treasure trove of tax breaks for businesses. Overall, most companies and business owners will come out ahead under the new tax law, but there are a number of tax breaks that were eliminated or reduced to make room for other beneficial revisions. Here are the most important changes in the new law that will affect businesses and their owners. New 21% corporate tax rate Under pre-TCJA law, C corporations paid graduated federal income tax rates of 15% on taxable income of $0 to $50,000; 25% on taxable income of $50,001 to $75,000; 34% on taxable income of $75,001 to $10 million; and 35% on taxable income over $10 million. Personal service corporations (PSCs) paid a flat 35% rate. For tax years beginning in 2018, the TCJA establishes a flat 21% corporate rate, and that rate also applies to PSCs. article continues below advertisement Reduced corporate dividends deduction Under pre-TCJA law, C … [Read more...] about Tax Cuts and Jobs Act offers favorable tax breaks for businesses