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.
Founded in 1923 in New York City, Anchin, Block & Anchin LLP (Anchin) is the largest single-office public accounting firm in North America and is recognized as a top-tier firm nationwide in terms of its quality, management, scope of services and work environment. Anchin has a staff of approximately 375 with highly specialized industry and service teams. The Firm provides privately-held businesses and high net worth individuals with a wide range of traditional and non-traditional advisory services. Services include accounting and audit; tax planning and compliance; tax credits and incentives; management and succession advisory; and litigation support, forensic accounting and valuation.