Tax Reform Resource Center

Helping Taxpayers Make Sense of the New Tax Law

Tax Reform Resource Center

Tax Reform Resource Center for NJ Businesses and Individuals
New Tax Planning Strategies Due to Tax Law

 

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The Tax Cuts and Jobs Act was passed in December 2017, signaling the largest effort in tax reform since 1986. Individual and business taxpayer have decisions to make when it comes to their tax and financial plans in 2018.

Don’t work with just any tax preparer this tax season. Partner with a tax advisor who will help you plan and rethink your tax strategy in response to the new tax law.

 

Alloy Silverstein Accountants and Advisors
 

Latest Resources:

  • BUSINESS

    Depreciation Changes in Tax Cuts and Jobs Act

    The Tax Cuts and Jobs Act (TCJA) contains many provisions which affect business and business owners. Some of these changes are specific to certain circumstances or types of business. The depreciation changes, however, may apply to all businesses.

    Keep Reading…

  • INDIVIDUALS + BUSINESS

    Tax Cuts and Jobs Act: 3 Common Questions

    Is home equity interest still deductible? How do I use the new 20 percent qualified business expense deduction? What are the new rules about dependents and caregiving? Alloy Silverstein’s tax advisors are here to keep you informed.

    Keep Reading…

  • BUSINESS

    Do I Qualify for the Qualified Business Income (QBI) Deduction?

    One of the biggest changes in the Tax Cuts & Jobs Act for partnerships is the new complex QBI deduction. Find out if you’re eligible in our QBI Infographic.

    Keep Reading…

  • INDIVIDUALS

    Which parts of the Tax Cuts and Jobs Act aren’t we talking about?

    There are some provisions of the TCJA that garnered less press, but may affect you beginning this year, including: Dependent children, education planning, moving expenses, and more.

    Keep Reading…

  • BUSINESS

    Tax Reform Introduces a Tax Credit for Paid Employee Leave

    Under the TCJA, eligible employers can claim a credit equal to a percentage of wages paid to qualifying employees on leave under the Family and Medical Leave Act (FMLA).

    Keep Reading…

  • BUSINESS

    4 Small Business Tax Breaks Under Tax Reform

    The Tax Cuts and Jobs Act (TCJA) does much more for businesses than lower corporate tax rates. With careful planning, your small business may realize big tax benefits under the new law.

    Keep Reading…

  • INDIVIDUALS

    Adjusting to the New Tax Law: 7 Tax Planning Opportunities

    With every simplification intended by the TCJA, there are many more tax issues that still require planning to realize extra tax benefits. Following are seven of them:

    Keep Reading…

  • INDIVIDUAL

    How to Cut Taxes Under the New Tax Act

    Every situation is different, but here are several practical suggestions for improving your tax outlook for 2018 and beyond:

    Keep Reading…

  • BUSINESS

    3 Things to Know About Being a Pass-Through Entity Owner

    If you are a small business owner, including S corporations, partnerships and sole proprietorships, your planning probably got a lot trickier after the passage of the Tax Cuts and Jobs Act (TCJA).

    Keep Reading…

  • BUSINESS

    New 2018 Capital Expense Rules

    There are a variety of new tax tools affecting how small businesses account for deducting the cost of capital purchases under the new tax law. Here’s what you need to know about them.

    Keep Reading…

  • INDIVIDUALS + BUSINESS

    Meals, Entertainment, and Commuting Changes Under Tax Reform [Infographic]

    The Tax Cuts and Jobs Act of 2017 has made significant changes to the deductibility of meals, entertainment, and commuting benefits. These changes can be confusing and difficult to understand.

    Keep Reading…

  • BUSINESS

    Tax Reform’s Impact on the Alcohol Industry

    All businesses and individuals will be effected by the changes included in the new tax law. There are specific items in the bill that will impact any business in the alcohol industry, both positively and negatively. How will your wine, beer, or spirits business be impacted?

    Keep Reading…

  • INDIVIDUALS

    How the Tax Brackets are Changing Under Tax Reform

    Whether you’re a middle class worker or a millionaire, the tax law will have an impact on you beginning in 2018. One of the most significant changes is the reduction of tax rates across the board.

    Keep Reading…

  • INDIVIDUALS

    What Does Tax Reform Mean for Me as an Individual?

    Many of the politicians touted the new Tax Cuts and Jobs Act as the simplification of our tax code. While it is true that some people may now be able to file less complicated tax returns, the law contains so many provisions that it could effect each person’s tax return in a different way.

    Keep Reading…

  • INDIVIDUALS

    6 Big Changes to Itemized Deductions

    One of the key changes in the new law is a repeal to certain itemized deductions. Some of the most notable changes to itemized deductions as of 2018 include:

    Keep Reading…

  • BUSINESS + INDIVIDUALS

    The Latest in Tax Reform: What You Need to Know About The Tax Cuts and Jobs Act

    The compromise version of the tax bill known as The Tax Cuts and Jobs Act was released on December 15, 2017. Highlights of this version of the bill are as follows: There are 7 new tax brackets at 10%, 12%, 22%, 24%, 32%, 35%, 37%.

    Keep Reading…

  • BUSINESS + INDIVIDUALS

    Alloy Silverstein Announces Tax Reform Forum Event

    In light of the Tax Cuts and Jobs Act of 2017 becoming law, Alloy Silverstein has organized two panel discussions in January 2018 for South Jersey taxpayers to learn more about planning for the impending tax law.

    Learn More…