On Tuesday, June 4, 2019, The Delaware Valley Chapter of the Real Estate Staging Association held their upcoming RESA Chapter Meeting at the Blackwood Library in Gloucester Township. The Real Estate Staging Association’s vision is an industry where high standards are well-established and practiced universally, and the use of professional staging is standard practice when selling real estate.
Thomas J. Kleinhans, CPA, an Associate at Bowman & Company LLP, discussed the 2018/2019 New Jersey and Federal tax law changes and their impact on small business owners.
Overview of disscussion:
- Tax Cuts and Jobs Act signed by President Trump on December 22nd, 2017
- Cuts corporate rate (entities taxed as C Corps) from 35% to a flat rate of 21% and alters the tax bracket for individuals
- The new and “improved” 1040 form
- Federal tax law changes for individuals and business owners
As a mid-size firm with a dedication to the development of the people and businesses of the Delaware Valley region, we pride ourselves on our involvement with the local community. We look forward to seeing more of our friends and clients at future events!