Help business owners avoid tax surprises this spring
As 2018 winds down, your clients may be wondering if and how tax reform (the 2018 Tax Cuts and Jobs Act) will impact both their business and their personal income come tax time in April.
“I think there will be a lot of surprises in the spring,” says Scott Van Wyngarden, a Principal® retirement/income tax consultant.
While the average W-2 filer should have it easy (self-prep systems such as TurboTax should work fine), business owners would benefit from a conversation with their advisor and a tax professional. We dig into a few details about why in November's installment of Principal® Point of View .
Principal® Point of View analyzes financial news and trends face to face with our internal experts in a monthly roundtable discussion. Panelists highlight issues to help keep advisors up to date.
Take control of the tax-reform conversation, because your clients are full of questions
The subject matter in this communication is provided with the understanding that Principal® is not rendering legal, accounting, or tax advice. You should consult with appropriate counsel or other advisors on all matters pertaining to legal, tax, or accounting obligations and requirements.
TurboTax® is not affiliated with any member company of the Principal Financial Group and Principal doesn’t not endorse their company’s or their products.
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