Today, Rembolt Ludtke attorneys Max Rodenburg and Anthony Aerts published a guest editorial in the Scottsbluff Star-Herald discussing the impact the Tax Cuts and Jobs Act will have on agricultural and small business operations.
Wrapping your head around the changes made by the recently enacted Tax Cuts and Jobs Act (TCJA) can be intimidating. In addition to changing the way Americans are taxed at the individual level, the TCJA also makes some fundamental changes to the taxation of businesses and their owners. With this article, we intend to briefly highlight some of the major changes of the TCJA as they relate to agricultural and small business operations, as well as identify some opportunities for taking economic advantage of the new tax regime.
Read the rest of their editorial to learn how the new tax legislation will affect you and your business over the next ten years and beyond.