The Tax Cuts and Jobs Act was signed into law last year, bringing many changes that affect individuals, 企业, and tax-exempt and government entities. 戴夫·古尔力, TaxBot总裁, 一个TAR成员福利合作伙伴, offers a few insights into changes that affect your business deductions. Remember to consult with your personal tax advisor to determine how the following might apply to your business.
- 娱乐.The days of writing off that round of golf or other forms of entertainment with your client may be gone, but treating them to a nice meal should still be deductible.
- 医疗成本. 医疗成本 continue to rise, but there may be a silver lining. Many small-business owners may be able to write off 100% of their healthcare expenses utilizing a Health Reimbursement Arrangement (HRA). 欲了解更多信息，请访问hra.taxbot.com.
- 豪华车.The luxury limits for cars increased dramatically. You can now write off up to $50,000 of a luxury vehicle over a five-year period. (之前是1.58万美元.) This means you can write off luxury vehicles up to three times faster than before.
- New 20% pass-through bonus deduction. Most business owners can now get a deduction equal to 20% of their business’s net income. This would effectively reduce your taxable income. Your business must be a “pass-through” entity, so consult with your tax advisor to determine if your business qualifies.
- 行业协会参与. Deduct expenses related to and necessary for attending business meetings or conventions of certain tax-exempt organizations. This includes the REALTOR® association, so there’s one less excuse for not getting involved.