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Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer
Providing You Guidance to Innovate and Grow Your Business
Achieving Success When Selling to the World’s Largest Buyer

COVID-19 Guidance Center

Tax Implications and Financial Business Guidance Regarding the Coronavirus

Federal Tax Reform: Opportunity Zones

Community Revitalization by Rewarding Private Investment

Section 199A Deduction for Pass-Through Entities

A Deduction of Up to 20% of Qualified Business Income

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Tax Reform

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What Do I Need to Know About The New Tax Reform Bill?

From the release of the Unified Framework for Fixing Our Broken Tax Code to the passing of the new tax reform, the Tax Cuts & Jobs Act (“TCJA”), you may have multiple questions concerning the potential impact on your business. While navigating through the varying tax reform news and changes can be overwhelming, rest easy knowing you can contact us for better understanding of how the new tax reform bill could affect you. Here are a few ways Cherry Bekaert can guide you forward.

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Opportunity Zones

Community Revitalization by Rewarding Private Investment Are you interested in reviving hard-hit areas in your community?...

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Section 199A

Qualifying for the Section 199A Deduction Any trade or business can qualify for the deduction, unless...

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Businesses & pass-through entity tax reform

  • Assess the impact of the new flat corporate tax rate of 21%
  • Assess the impact of the new 20% pass-through deduction on qualified business income
  • Develop a strategy around available and repealed Research & Development (“R&D”) tax credits, tax reform and incentives
  • Discuss shareholder dividends, company growth, pass-through entity tax reform and related business activity when changing or creating a new business model to lessen the tax reform impact on corporations
  • Provide guidance on how the new net operating loss deductions, business interest payments and other new business rules from the new tax reform bill that may impact your company
  • Discuss the effects of enhanced capital expensing standards on your company
  • Review your company’s accounting methods to determine what changes may be needed to place your company in an optimal position
  • Review specific assets that may be treated differently and what it may mean for your company’s portfolio
  • Determine whether a change in entity may be needed and draft an exit strategy

Tax reform impact on corporations

If changes to the new tax reform bill leave you concerned for the future, our Business Entity Analysis Model (“BEAM”) can help you be proactive! Here’s how:

Assess the impact.
You may be concerned of the tax reform impact on corporations. The smart thing to do is assess how the current legislation may impact your specific circumstances so that you can make good business decisions and identify planning opportunities.

Accelerate deductions.
You may want to accelerate deductions now so that you can utilize these benefits at today’s higher rates rather than in the future when they may be lower. Timing is everything!

Review accounting methods.
A rate reduction could transform your accounting methods changes into permanent benefits. Talk to us today to see which opportunities may exist for you to defer income and accelerate deductions.

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Credits & Accounting Methods: Tax Cuts & Jobs Act – Credits, Deductions & Accounting Method

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Tax Services: Tax Reform for the Real Estate & Construction Industry

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Tax Services Tax Reform for Individuals, Estates & Trusts

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Tax Reform: Opportunity Zones – A New Investment Opportunity

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Preparing for Tax Reform

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SALT Services Impact of Tax Reform on State & Local Taxes: Your Guide Forward

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Tax Services: Tax Reform for Business Entities

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Tax Services: Tax Cuts & Jobs Act Insights – Your Guide Forward

From the release of the Unified Framework for Fixing Our Broken Tax Code to the...

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THInc Services: Preparing for Tax Reform

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Tax Services: Top Tax Changes for Nonprofits & Education in the New Tax Bill

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Preparing for Tax Reform for Innovative Companies

Download a printable version of our guidance materials here....

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Ronald G. Wainwright, Jr.

Credits & Accounting Methods Leader

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