Perhaps now more than ever it is imperative to understand the impact that the new administration will have on taxes not just this year, but for the years to come. A new President brings a different approach to the American economy. It starts now as you plan and execute your financial strategies for the remainder of this year.
Here is a brief idea of what President Trump and his staff are proposing -
1. Reduction in three specific tax brackets - including the elimination of additional healthcare tax.
2. Big changes in estate tax. There may soon be a complete elimination of the estate tax structure.
3. A cut in business taxes. The President campaigned on a pro-business platform.
All of this and more should be understood as you file your taxes over the next couple of months. If it does not directly affect you now, then it probably will soon. This is the perfect year to hire a new Las Vegas tax accountant. The right choice for you may be Mike Mathews. He will address your accounting needs now and in the future. Arrange an appointment today at his Northwest Las Vegas office by calling (702) 240-5237.