Crane & Company’s founder, James Crane, CPA releases insights and publications on a variety of tax, accounting, business, finance, capital markets and other topics from time to time. If you would like notice of these releases you can subscribe here.
Dear clients, potential clients, business partners, and friends:
This letter has been developed to provide actual examples of tax strategies you can use for 2018 and beyond. Most topics discussed below are derived from the Tax Cuts and Jobs Act of 2017 (the “Tax Reform”). If you are short on time and unable to read through this entire letter please consider the following key point:
Action to take advantage of Tax Reform but also protect against negative outcomes due to the Tax Reform is needed now and most of the issues we outline below are not “fixable” after the fact when you may normally meet with your tax adviser in 2019.
The letter consists of 100% original content and is copyrighted by James Crane, CPA. This content may not be copied or otherwise used without the prior express written consent of James Crane, CPA. The information included herein is of a general nature and based on tax law and interpretations that are subject to change. The information included herein should not be applied to specific situations without prior consultation with your tax adviser. In this letter, the author reviews a selection of Tax Reform topics that should primarily be of specific interest to owners or potential owners of small businesses.
The following are some examples of tax strategies we have been implementing and discussing with our clients. We focus on tax strategies that permanently reduce taxes. We are much less interested in tax strategies that only temporarily reduce taxes. It is highly likely that one or more of these tax strategies could benefit you or your business and save you taxes.
This letter does not consider sunset provisions where certain deductions and tax laws in general are set to expire. We are not considering the expiration of these tax laws due to the timeline and likelihood that many of the laws will likely be extended in some way by the time they are currently set to expire in 2025 etc.
Please contact me at +1 617-418-3880 or by email at [email protected] if you would like to discuss any of the content in this letter or have alternative questions about taxes, accounting or the Tax Reform etc.
James Crane, CPA
Crane & Company, Inc.