May 2018

Nperspective President Gary Colbert moderated a panel that discussed The Tax Cut and Jobs Act of 2017 at the Tampa luncheon of the Commercial Finance Association that was held on April 25th. Most of the discussion centered around Section 199A, which provides a 20% deduction for “qualified business income” that is expected to assist small businesses, Section 965, which made significant changes to the tax treatment of foreign-source income and the ability of U.S. companies to repatriate that income under much more favorable tax circumstances, and the various changes that affect individual income tax deductions.