Recent tax reform will affect nearly every taxpayer. The Tax Cuts and Jobs Act (TCJA) changes the way we claim exemptions, dependents, deductions and even medical expenses. South Coast will be hosting a series of meetings exploring the areas of risk and opportunity that this new legislation has presented.
While the plan did double the standard deduction and simplify tax reporting for the majority of individuals, the tax reform bill in many cases increases complexity – especially for high income earners and businesses. Haynie & Company, one of the leading CPA and Management Consulting firms in Orange County will be joining the South Coast team to answer specific questions as it relates to the impact of these tax changes. We will be spending some time specifically on ways to mitigate the new limits on mortgage deductions and state and local income taxes. We will also be taking a look at ways to take advantage of the pass through business deduction now available to many investors through various entities (primarily S corporations, partnerships, limited liability companies, sole proprietorships, real estate investment trusts and cooperatives).
Please RSVP by clicking the link below or by contacting Megan Proulx in the South Coast Office by phone (877) 922-7242 or by email firstname.lastname@example.org. This is an open invitation, and guests are welcome; however, space is limited. Don’t delay, reserve your seat today.