As the end of 2019 approaches, you are likely giving consideration to year-end tax planning strategies. House Republicans and the Trump Administration are talking taxes, specifically a new tax cuts plan informally known as Tax Cuts 2.0. Realistically, Tax Cuts 2.0 will be a 2020 legislative process and, if passed, may not be effective until 2021. For 2019 tax planning, we must deal with the here and now.

Since the passage of the Tax Cuts and Jobs Act (“TCJA”) in December 2017, we have had one filing season in which to digest and apply the new rules. The upcoming filing season will be an opportunity to continue to digest the new laws and refine the application of those laws.

At BMSS, our goal is to provide you with peace of mind whether you’re an existing client or simply contemplating making a change. We’re here to serve you. To learn more about how the TCJA may impact you and how you can plan for the upcoming tax season, please click on the link below.

Tax Planning Letter

Additionally, if you have any questions or, if you would like to discuss your unique circumstances with a BMSS professional, please contact us at (833) CPA-BMSS.

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