Tax reform is on the table, but with a number of big changes being proposed, how would the tax pro’s be affected?
“While the move to overhaul the tax systemunder the Trump administration’s tax reform proposal and the House GOP Blueprint may aim to greatly simplify taxes, it won’t mean there will be any less work for tax preparers…” [ Read more here ]
With tax reform taking over the headlines in recent weeks, The Wall Street Journal is looking into what the possible outcomes for the changes could amount to, and what can impact the changes that we see in the near future…
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“While the deductions and rules for filing will roughly remain the same, some of the numbers and tax brackets will be different, after being adjusted for inflation. “You can’t assume that what you relied on last year is necessarily the same,” says Barbara Weltman…” [ Read more here ]