Jump To Navigation
CLIENT CENTERED ADVOCACY Call a Lawyer who Works for YOU  at 617-924-0300
Working Together to Create Solutions that Fit-SM

tax law Archives

Potential Effects of the Tax Cuts and Jobs Act for Small Businesses

federal tax reg books pic.jpgThe controversial Tax Cuts and Jobs Act signed into law in December 2017 has some new benefits for small businesses that are pass-through entities. Many pass-through entities will now have a new benefit of a 20% deduction relative to profits. The law is touted as being complex, and it is, as it raises many new and interesting issues for advisors. For example, it will be interesting to see what, if any, impact this new deduction will have on the number of small businesses that opt for S-Corp status in order to avoid self-employment tax on "distributions" of profit rather than straight pass-through of profits such as occur in LLCs that are Sole proprietorships or partnerships.

Federal tax law changes impact your state taxes? It could be!

Changes to the federal tax law could impact your state taxes in a big way, and even change your mind about whether you want to itemize your deductions! Our Academy colleague, Stephen C. Hartnett, J.D., LL.M. breaks it down in this blog. Learn how the changes may affect your state tax burden...

Contact Form

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Office Location

Solutions Law Group LLC
125 Cambridge Park Drive
Suite 301
Cambridge, MA 02140
Phone: 617-924-0300
Map and Directions

1500 District Avenue
Suite 1096
Burlington, MA 01803
Phone: 781-270-1549
Map and Directions


Elder Logo

Subscribe to this blog's feed FindLaw Network