TAX REFORM: the impact on the USA real estate market (special focus on Florida)
It has now been three months since the entry into force of TCJA: the tax reform providing drastic cuts all over the United States.
As already largely covered in our previous US Tax Reform article, this is the most radical change in the US fiscal legislation of the last 30 years and will impact many aspects of the US economy.
One of the most exposed markets is certainly real estate: an important indicator of a country’s economic performance.
As a consulting firm specializing in... READ MORE
TAG: Documents, Business, tax
The pass-through deduction
We are approaching tax season and we know that this fact doesn’t always evoke positive thoughts.
In this case, though, we would like to remind you of the existence of the “pass-through deduction”.
Let’s explain what it means.
Small businesses (partnerships or limited liability companies) do not pay a direct corporate tax — they “pass-through” their gains and losses to the individual members of the partnership or LLC.
Thanks to the latest tax reform, all... READ MORE