Should You Restructure Your Medical Practice After the New Tax Law?

March 6, 2019
Should You Restructure Your Medical Practice After the New Tax Law? on providentcpas.com

Converting from an S corp to a C corp isn’t a decision to make lightly Now that the dust has settled from the rollout of the Tax Cuts and Jobs Act (TCJA), medical practices structured as pass-through entities are facing a dilemma: Since the tax reform significantly reduces the tax rates imposed on C corporations’…

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Explaining Tax Reform: The Section 199A Business Deduction

May 9, 2018

The new law creates the most significant tax break for small business owners in decades The Tax Cuts and Jobs Act is the nation’s first major tax overhaul in 30 years – and introduces a completely new concept to the Internal Revenue Code. For the first time, IRC Section 199A allows individual taxpayers (other than corporations)…

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