Congress Nears Finish Line on Tax Reform

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By: Brent Sailhamer, Director of Government Affairs Despite stumbles throughout the year, Congress looks set to deliver on one of President Donald Trump’s biggest campaign promises – a significant overhaul of the tax code. In mainly party line votes, both the Republican-controlled House of Representatives and Senate approved the agreed-to measure after offering slightly differing […]

Senate Passes Tax Reform Bill: Looking Ahead to 2018

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By: Christina Fulponi, Government Affairs Coordinator On December 2, 2017, the Senate passed a Tax Cuts and Jobs Act with a vote of 51-49, which updates the tax codes and cuts taxes for individuals and businesses. While the legislation would add $1 trillion to the deficit, according to the Joint Committee on Taxation (JTC), the […]

Tax Reform: Chaos or Opportunity?

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By: Daryl Staley, CPA, MBA, Tax Supervisor, Smith Elliott Kearns & Co, LLC The Art of War taught me that “in the midst of chaos, there is also opportunity.” House Republicans proposed changes to our current tax code, which in the CPA world, feels a bit like chaos.  In hopes of limiting the chaos for […]