---
title: "The Tax Cuts and Jobs Act: Impact on Businesses"
description: By Sidney Kess The CPA Journal December 2018 On December 20, 2017, Congress passed a…
---

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# [The Tax Cuts and Jobs Act: Impact on Businesses](https://kostelanetz.com/publications/the-tax-cuts-and-jobs-act-impact-on-businesses)

 Written by [Kostelanetz LLP](https://kostelanetz.com/publications/author/kostelanetz-llp) | Dec 13, 2018

By [Sidney Kess](https://kostelanetz.com/profile/sidney-kess/)  
*The CPA Journal*  
 December 2018

On December 20, 2017, Congress passed a major tax package (H.R. 1) designed to cut taxes on businesses and individuals, as well as to stimulate the economy and create jobs. The tax cuts are estimated to cost nearly $1.5 trillion. Initially, the Tax Cuts and Jobs Act (TCJA) was aimed at simplification, but the changes enacted are anything but simple. This articles looks at the key provisions affecting businesses.

[…]

Published with permission from *The CPA Journal*.

Click [here](https://www.cpajournal.com/2018/12/13/icymi-the-tax-cuts-and-jobs-act-of-2017-impact-on-businesses/) for the full article.

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