The Tax Cuts and Jobs Act has been approved by Congress and is awaiting signature by the President. Click here for a summary of the bill.
There are significant changes that will come about as a result of this tax bill. The changes will have an impact on businesses and individuals. It might make sense to look at your business/personal tax situation before the end of the year in order to insure you take advantage of certain aspects of existing tax law before the new law takes effect.