
Private business owners typically have a lot on their plate. Now, with the new Tax Cuts and Jobs Act1 (the Act), there’s even more. As if building, running and planning for a business weren’t enough, the Act has added several new and complicated tax wrinkles to the discussions advisors should be having with their business owner clients.
Here’s an overview of the main provisions of the Act relevant to private business owners. We’ll also go through the central discussions advisors should be having with their business owner clients, flagging the key considerations now in play under the Act and how they can be used to address the issues all private business owners face.
The Act
The Act, which became law on Dec. 22, 2017, and is effective f...
Unlock All Access Premium Subscription
Get Trusts & Estates articles, digital editions, and an optional print subscription. Choose your subscription now and dive into expert insights today!
Already Subscribed?
About the Authors
You May Also Like