The end of the year can be a frantic time for tax planning, and this year will be even more so as taxpayers determine how the changes resulting from the Tax Cuts and Jobs Act of 2017 will impact their businesses’ bottom lines. This article addresses issues like deferring income, purchasing new business equipment, small business health care tax credits, business energy investment tax credits, repair regulations, qualified business income deductions, limitations on luxury passenger automobiles and heavy vehicles, retirement plans, and dividend planning.

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Your tax consultant at Sharrard, McGee & Co., PA is ready to discuss these and any other end of year tax planning concerns as we move into the last month of 2018. Call us at (336) 884-0410 in High Point and (336) 277-9777 in Greensboro.