BizSugar.com › Taxes › How the New Tax Law Affects Your Small Business (INFOGRAPHIC)

According to recent data, the newly passed Tax Cuts and Job Act does contain provisions small businesses can take advantage of with some strategic planning. This is what a new infographic by Micah Fraim, CPA reveals.
Congress passed the $1.5 trillion tax bill with temporary tax cuts for individuals and permanent tax breaks for corporations in November 2018. But businesses will be impacted differently according to size, income, industry and a number of other conditions.