“How The New Tax Law Affects Small Businesses and their Owners Managing a Business”

The tax law passed by Congress in December 2017 makes major changes in how small businesses and their owners are treated, for tax purposes. This workshop covers those changes. The topics covered include: Major changes made by the new tax law, including changes in tax rates, treatment of pass-through income, and deductibility of certain business expenses; How to determine the best type of legal entity for your business, and how the new tax law may affect your decision; and How the new tax law affects the treatment of employees and independent contractors.