Aspects of the Tax Cuts and Jobs Act of 2017

Aspects of the Tax Cuts and Jobs Act of 2017
Tax Cuts and Jobs Act of 2017

Below is the first of two articles about aspects of the Tax Cuts and Jobs Act of 2017. The first is an expert analysis of the Act in  Questions and Answers on the Qualified Business Income Deduction by Sidney Kess that first appeared in the New York Law Journal. The second piece is shorter and focuses on the employee/independent contractor issue. Those of you who are particularly interested in the independent contractor issue will want to be sure to read the second article next week, then refer back to Kess’ tax analysis for the definitions of the terms used.

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Love 40-9

The following is an excerpt from “Wills of the Rich & Famous: A Fascinating Glimpse at the Legacies of Celebrities”  by Herbert E. Nass, Esq.

DATE AND PLACE OF BIRTH
July 10, 1943
Richmond, Virginia

DATE AND PLACE OF DEATH
February 6, 1993
New York, New York

Tennis great and humanitarian Arthur Ashe died from AIDS in February of 1993 at the age of 49, and was sur­vived by his wife, Jeanne Moutoussamy and their 6 year old daughter named Camera. (Her name was a reference to the career as a photographer of Mrs. Ashe).

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Tax Cuts and Jobs Act Offers Favorable Tax Breaks for Businesses

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.

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Marketing with Business Cards

Business Cards, now so ubiquitous, date back to the 16th century, when the footmen of royalty and aristocrats presented cards to the servant of the house to announce their arrival. By the next century, “visiting cards” were widely used in Europe.  About the size of playing cards, the cards were also used to jot down messages.  When tradespeople started to use cards in the early 17th century, London streets had no formal numbering system. So, directions and maps were printed on the card as well as advertising.  With the rise of commerce and a new class of entrepreneurs who needed to exchange information, “trade cards” merged with “visiting cards” to create the business cards we know today

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