5 Things That Happen When Trump’s Tax Law Takes Effect

Business tax planning

It’s expected that businesses will face certain issues while trying to get their tax bills as low as possible under the new law. In other words, companies will re-evaluate their options regarding new mergers and acquisitions.

Recently, many U.S. companies took part in transactions known as ‘inversions,’ which means that they merged with foreign companies and then reincorporated overseas to lower their taxes. With all the recent changes, business owners will now have to check if this technique is still worth it under the new code.

In addition to that, companies will also have to discover if they are going to be pass-throughs or corporations, their profit locations and how they will invest the additional income they receive.