The recent tax law changes and your legal entity
For my for-profit entities out there, we talked previously about recent tax code changes enacted late last year.
Question, based on what you have read or heard, should you consider how your company is presently structured to trim your tax liability?
Naturally, a complex topic and no clear cut answer.
For this first topic, you should know that if you are pondering a change, you have until March 15 to make an election that would be retroactive to the beginning of 2018.
To start, I would encourage you to have your accountant or CPA run the numbers in a rudimentary financial model. Just to model the possibilities.
Over the next several blogs, we'll be discussing this important topic. Stay tuned.