The Tax Cuts and Jobs Act of 2017 (TCJA) permanently cut the corporate tax rate from 35% to 21%. While corporate tax rates were made permanent in the TCJA, tax code changes for individuals and small businesses are set to expire after 2025. The latest edition of the tax reform bill aims to change this. The Tax Cut 2.0 package consists of three separate bills: The American Innovation Act, the Family Savings Act, and the Protecting Family and Small Business Tax Cuts Act of 2018. The Protecting Family and Small Business Tax Cuts Act of 2018 would make the individual tax changes that were passed in late 2017 permanent.
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Information is not intended to provide specific legal or tax advice. Derek Gregoire, Keith Ellis, Matthew Peck, CFP®, CIMA® nor SHP Wealth Management provide tax or legal advice. You are encouraged to consult your tax or legal professional for guidance on your individual situation. Investment advisory services are offered through SHP Wealth Management LLC., an SEC Registered Investment Advisor. Offices in Woburn, Westborough, Hyannis, and Braintree are offices of convenience and only used for client meetings.
Investment Advisory Services are offered through SHP Wealth Management LLC., an SEC registered investment advisor. Insurance sales are offered through SHP Financial, LLC. These are separate entities, Matthew Chapman Peck, CFP®, CIMA®, Derek Louis Gregoire, and Keith Winslow Ellis Jr. are independent licensed insurance agents, and Owners/Partners of an insurance agency, SHP Financial, LLC.. In addition, other supervised persons of SHP Wealth Management, LLC. are independent licensed insurance agents of SHP Financial, LLC. No statements made shall constitute tax, legal or accounting advice. You should consult your own legal or tax professional before investing. Both SHP Wealth Management, LLC. and SHP Financial, LLC. will offer clients advice and/or products from each entity. No client is under any obligation to purchase any insurance product.
