Washington – The recent tax reform bill passed by the government is the first major rewrite of the U.S. tax code in over 30 years and is packed with changes that could affect dentists’ financial planning. ADA News asked the president of the Academy of Dental CPAs to see what the Tax Cuts and Jobs Act means specifically for dentists beyond the revised standard deductions.

Tax Reform Law Gets Mixed Reviews From Financial Planners Financial planners say they’ve seen mixed effects from the Tax Cuts and Jobs Act, with many clients surprised by lower refunds. Scott Van.

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Of importance to most tax filers is the fact that the new tax law altered the federal income tax brackets, doubled the standard deduction and changed many other tax credits and deductions. The bill, originally known as The Tax Cuts and Jobs Act, didn’t have an easy journey.

The previous Chancellor Philip Hammond instructed the Office of Tax Simplification to review the inheritance. things now and get the financial planning wheels in motion. As with most aspects of.

What 2018 Tax Reforms Mean for Investors. That means if you’re in the new highest 37% tax rate for 2018, this rule lowers your effective tax rate to 29.6%. Who this affects: Many business owners who receive pass-through income including professionals like doctors and lawyers as well as some financial advisors.

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The governor did agree to a task force to review ways to bring about property tax relief. and pension reform. “Here’s the bottom line: This is a blank check from the taxpayers to Springfield.

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Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system.

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Executive summary. major tax reform typically only occurs once every decade or few. But after a tumultuous series of negotiations in both the House and Senate, a final reconciled version of the Tax Cuts and Jobs Act of 2017 appears to be heading shortly to President Trump for signature.

‘The Wall that Heals’ on display in Durant Torrington invites participation in memorial day parade torrington memorial day parade. Theme & Registration The torrington veterans support Committee is actively planning this year’s Torrington Memorial Day Parade and Ceremony. The parade will be conducted, rain or shine, on Monday May 30, 2016 and will step off promptly at 9:30 AM. The theme of this year’s Parade is: