by GPwebsiteV3! | Jan 25, 2018 | GP Articles, Tax, Tax Reform
One of the areas affected by the Tax Cuts and Jobs Act (TCJA) is individual itemized deductions. This article will address one specific itemized deduction, among several, that will be impacted. There is a new limit placed on individual’s itemized deductions of...
by GPwebsiteV3! | Jan 16, 2018 | GP Articles, Tax, Tax Reform
The Tax Cuts and Jobs Act of 2017 (TCJA) reduces individual and corporate income tax rates, removes a multitude of credits and deductions, enhances other provisions and makes numerous additional changes. While the estate tax remains, the integrated gift and estate tax...
by GPwebsiteV3! | Jan 10, 2018 | Business, GP Articles, Tax, Tax Reform
We discussed recently a brief overview of the new tax rate changes for both corporations and individuals, as well as the new pass-through deduction of Internal Revenue Code Section 199A. (Read here) Now we want to look a little more closely at how this changes the...
by GPwebsiteV3! | Jan 4, 2018 | Business, GP Articles, Tax, Tax Reform, Uncategorized
Since the passage of the Tax Cuts & Jobs Act on December 22, we have seen a barrage of articles attempting to summarize and explain the effects this tax reform package will have on individuals and businesses. The purpose of this article is to highlight a few of...
