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The Tax Cuts and Jobs Act: Impact on Businesses

By 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.

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