Taxes for small businesses are always a complicated subject, and the changes that came with the Tax Cut and Jobs Act make things even more complex. The National Association of Enrolled Agents developed a list of tips for small business owners that was recently published in Accounting Today. We are posting this list over the next few blogs.  The first two items deal with restructuring to maximize tax savings under the new law and expensing big-ticket asset purchases.

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Your tax consultant at Sharrard, McGee & Co., PA is ready to answer any questions you may have about tax planning for your small business.  Call (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.