Bob Sheeley just got a raise thanks to the new revisions to the tax code.
Bob invited DBA to his office for Tuesday’s meeting and then hit the highlights
of the new tax reform act. This is the first significant reform of the U.S. tax
code since 1986 and most of the changes are temporary – expiring in 2025. Will
the reforms result in lower taxes for you? Who knows? Bob explained that no
one will know for sure until they begin preparing their 2018 return. One thing
is for sure, CPA’s will be spending a lot of time learning the new code
provisions and in preparing returns.