Scott and Company LLC provides a comprehensive range of tax, assurance, small business and specialized consulting services for individuals, multi-state and international organizations in the hospitality, healthcare, real estate, government, manufacturing, professional services and non-profit arenas.Visit company showcase »
The Tax Reform Act of 2017 gave us the new Section 199A pass-through deduction—a valuable tax deduction available to many businesses, including those in the restaurant and hospitality industry. It also gave us some eligibility requirements that have to be met to take the deduction.
Small businesses and retailers around the country will undoubtedly face new challenges as they are tasked with collecting online sales tax.
The new tax law contains some of the biggest changes we’ve seen in tax policy in the last 30 years. Some of the changes will be beneficial to your business and some will not. Our goal is to help you sort them out to maximize the benefits to your business and plan for the changes.
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