This blog features the third part of an article written by Mark Luscombe that was recently published in Accounting Today. This section identifies the key changes impacting business owners’ taxes brought about by the Tax Cuts and Jobs Act. The areas of concern include business expensing, business interest, paid family and medical leave and transportation exclusions. 

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Please contact your tax advisor at Sharrard, McGee & Co., PA with any questions you may have about how the TCJA affects your individual or business tax return.  Call us at (336) 884-0410 in High Point or (336) 272-9777 in Greensboro.