Is your business prepared to comply with the proposed new regulations on qualified business income?


The Tax Cuts and Jobs Act (The Act), has brought with it many changes that impact South Florida business owners. One of the most significant changes created by the Act is the new Section 199A qualified business income (QBI) deduction.

Qualified business income includes domestic income from a trade or business and most real estate rental activities. Employee wages, capital gain, interest dividend income, and guaranteed payments to partners are excluded.

“The idea behind creating the QBI deduction…

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