The Tax Cuts and Jobs Act (TCJA) was signed into law by
President Trump near the end of 2017 and it mostly took effect in 2018. While
the TCJA impacts almost every single individual taxpayer to some degree, the
changes also significantly impact corporations and small businesses. In some
areas, the impact was purposeful and directed. However, in other ways, the TCJA
will have both positive and negative secondary effects. One area that could see
a secondary or unintended boost due to a new tax deduction (IRC § 199A) for
pass through businesses is retirement plans with small business employers.
Questions: http://www.rehcpas.com/
