This week the U.S. Senate and House Passed the Tax Cuts and Jobs Act, sending it to President Trump for his signature. This is the most significant federal tax legislation passed in more than three decades and will have sweeping impacts on businesses and individuals alike. Over the coming weeks and months, Greater Mankato Growth will work to keep our members up to speed on the impacts of the bill and what it means for you and your business – so stay tuned to this blog and GMG’s weekly E-news.
First up, an overview of what the bill means for small businesses. The information below is courtesy of the U.S. Chamber of Commerce.
Should you wish to discuss tax reform and its impact on you or your business, please be sure to contact one of our fantastic member businesses with tax expertise.