CHICAGO (Oct. 21, 2019) – Many provisions of the Tax Cuts and Jobs Act (TCJA), the most sweeping tax legislation since 1986, went into effect over the past year, dramatically changing the tax landscape. While these provisions included individual income tax and business tax rate reductions, they also limited or removed many tax breaks. To help navigate these changes, Crowe LLP, a public accounting, consulting and technology firm in the U.S. with offices around the world, has issued “Tax Planning: 2019 Year-End Guide.”
According to Gary Fox, managing partner of tax services at Crowe, smart timing of income and expenses can reduce tax liability, and poor timing can unnecessarily increase it. “The IRS has been releasing guidance on key components of tax reform at a rapid pace and will continue to do so,” said Fox. “Tax professionals are continually working through these details and changes, so it’s critical for businesses and individuals to consult with their tax advisers now to determine the best strategies for their particular situation.”
The guide includes deeper insights on the following topics:
To download the guide, please visit Tax Planning: 2019 Year-End Guide.
Crowe LLP (www.crowe.com) is a public accounting, consulting and technology firm with offices around the world. Crowe uses its deep industry expertise to provide audit services to public and private entities. The firm and its subsidiaries also help clients make smart decisions that lead to lasting value with its tax, advisory and consulting services. Crowe is recognized by many organizations as one of the best places to work in the U.S. As an independent member of Crowe Global, one of the largest global accounting networks in the world, Crowe serves clients worldwide. The network consists of more than 200 independent accounting and advisory services firms in more than 130 countries around the world.
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