By Keiter CPAs
Trump’s reelection leads to uncertainty within tax policy
Gary Wallace, Keiter managing partner, shares his thoughts on the possible tax policy impact of Trump’s reelection in the Richmond Times-Dispatch Op-ed titled, “Trump 2.0 creates taxing uncertainties”.
Gary shares his insight for business and individuals on what to expect, as well as what questions are left unanswered, regarding tax policy under a Trump administration.
Article highlights
- Corporate concerns regarding Trump’s possible tariffs
- Likely extension of 2017 Tax Cuts and Jobs Act (TCJA)
- Trump’s proposal to reinstate research and development (R&D) expensing for businesses
“…both individuals and businesses need to be very vigilant about how they allocate their resources. Be cautious in reading headlines for your tax planning. What may have been proposed, may not actually become law.”
The Keiter team will continue to monitor changes to tax policy and provide timely updates to our clients and friends. Contact your Opportunity Advisor if you have any questions or Email | Call: 804.747.0000
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Keiter CPAs
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More Insights from Keiter CPAsThe information contained within this article is provided for informational purposes only and is current as of the date published. Online readers are advised not to act upon this information without seeking the service of a professional accountant, as this article is not a substitute for obtaining accounting, tax, or financial advice from a professional accountant.
