Tax policy is poised to take center stage in the coming year as the expiration of the 2017 Tax Cuts and Jobs Act (TCJA) approaches in 2025. Enacted as the most comprehensive tax reform in 30 years, the TCJA introduced sweeping changes impacting both individual and...
corporate tax rate
How Trump’s Second Term Might Impact Small Businesses
The nation is now gearing up for another Trump term, and his policies will likely have a significant impact on small businesses. Critical areas like tax cuts and deregulation, which were central to his first term, are expected to take the spotlight once again. Here’s...
Understanding the Infrastructure Bills: How the House Will Fund the $3.5 Trillion Social Policy Plan
Democratic House and Senate leaders recently announced that they’ve devised a framework that will significantly help to pay for the proposed $3.5 trillion human infrastructure bill, which is part of President Biden’s Build Back Better agenda. Here’s what’s included in...
5 Major Ways the GOP’s New Tax Plan Will Alter the Tax Code
Since the GOP’s first attempt at shifting the current tax code was shot down in Congress, they have released another, broader tax framework. This new plan has several components Congress will need to hash out before voting on a finalized plan, but taxpayers of all income levels are likely curious about how this framework may […]