What owners of small businesses need to know about changes to federal tax law


A chief concern among small-business owners for 2018 is implementation of the Tax Cuts and Jobs Act, passed by Congress and signed into law by President Donald Trump late last year.

The legislation represents the first major change to the U.S. tax code since 1986. Its resulting tax rates will take effect for tax years beginning this year, and there are several stages to the work that companies must complete, according to Steve Saah, executive director for Robert Half Finance & Accounting in Washington,…

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