After months of will-it-or-won’t-it suspense, on December 22, the biggest overhaul of the U.S. tax system since the Reagan administration was signed into law. Now that the holiday dust has settled, it’s time to shift into full gear and take tax reform by the horns.
The problem with New Year’s resolutions is that too often we bite off more than we can chew. Tax reform is no different. Companies should tackle the new tax law in three phases: determining and addressing the to-dos that require immediate attention, navigating the early stages of implementation, and finally, strategizing for the long-term.
To help you prioritize, we’ve put together a checklist of tax reform resolutions that will set you up for success in 2018 and beyond.
For more information or if you have any questions about the changes coming to your business, please contact us.