As we usher in a new year, we also close the past year. Accounting departments and CPAs are hard at work finalizing records, issuing statements and gathering information for tax returns.
The laws regarding allowances and deductions become more complicated each year. While there may be changes made to the 2017 tax law, we have compiled a brief that provides an overview of current thresholds and allowable deductions for 2017. We also included 2016 for comparison purposes.
There are nine key dates in 2017 that may affect businesses (see below). We will send Tax Alerts to serve as a reminder as each deadline approaches.
In the meantime, feel free to download the pdf of our 2017 Tax Brief (below).
At Anthony J. Madonia & Associates, Ltd., our clients and colleagues are our priority. We are here to support and collaborate to protect your interests. As always, we are focused on Providing the Right Direction™. If we can be of any help for legal or tax needs, please feel free to contact us.
Businesses need support and advice. They especially need support in times of exponential growth, during economic challenges, and in transition.
Anthony J. Madonia and Associates, Ltd. is a premier law firm located in vibrant downtown Chicago that focuses on Corporate Law, Mergers & Acquisitions, Taxation and Estate Planning.subscribe archives