Tax reform playbook: What you can do now and how to plan ahead

Provided by Plante Moran

Written by: Michael Monaghan, Kurt Piwko

Wondering how the new tax reform legislation impacts your business? Do you have a clear idea of what you need to do, how, and by when? Our tax reform playbook can help.

Take a systematic approach to the Tax Cuts and Jobs Act (TCJA) to maximize your benefits and minimize your costs.

For most commercial businesses, the Tax Cuts and Jobs Act (TCJA) offers a welcomed profitability boost. The tax reform legislation significantly lowers corporate tax rates, but its provisions raise the stakes for how tax planning strategies can help – or hurt – your business going forward.

Our interactive playbook will help you evaluate, in clear and understandable terms, what implementing tax reform will look like for your business – including how to define your plays, take prompt action, and plan for the future.

Explore this comprehensive tax reform guide and discover:

  • Bottom-line implications of key provisions of the new tax reform legislation, including bonus depreciation, QBID, NOLs, deemed repatriation of earnings from foreign business activities, and more
  • How international businesses will be affected on topics including:
    • Foreign tax credit utilization
    • Base erosion anti-abuse tax (BEAT)
    • Global intangible low-taxed income (GILTI)
    • Foreign-derived intangible income (FDII)
  • What you can do now to optimize your position for the 2017 tax year before it’s too late
  • How to prepare your business for the 2018 tax year and beyond on issues including:
    • Entity choice
    • Revenue recognition
    • Tax implications for buyers and sellers involved in M&A transactions
    • Small taxpayer accounting method considerations
    • Estate tax changes


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