Last-Minute Tax Bill Will Provide More Tax Savings For Businesses

A crucial $1.1 trillion tax and spending bill has recently and quietly become law. The Protecting Americans from Tax Hikes (PATH) Act of 2015 will have a significant and immediate impact on businesses and will continue to be consequential for many years. This article discusses the many tax-saving opportunities that are provided in the new legislation. This new law will make permanent 20 key tax provisions and will also extend others like Section 179. Start-ups and growing businesses will be tremendously impacted by these changes. Healthcare changes to the Affordable Care Act (ACA) will also be included in the new legislation. There are also new exit planning options for business owners that are contemplating an eventual exit from their companies. Business owners that would like to learn more should speak with a professional estate and business planner to discuss the opportunities that will be provided in the new law.

See Steve Parrish, Last-Minute Tax Bill Means Big 2016 Tax Savings For Businesses, Forbes, January 4, 2015.