Tax Reform Law Gets Mixed Reviews From Financial Planners

Understanding tax reform is critical for financial planning. The new law is estimated to reduce federal taxes for individuals by an average of 8%, according to the Joint Committee on Taxation. The average tax rate is projected to fall to 19% from 20.7%. Because Congress used the reconciliation process to pass the bill,

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Voices Why the tax law is very bad for RIAs. As result, the law whacks successful advisors’ earnings at (up to) the top ordinary income rates while our business owner friends and clients (in other industries) benefit from the new pass-through partnership, S-Corp or LLC rates which are up to 20% lower.

The CFP® Certification Examination is designed to assess your ability to integrate and apply a broad base of financial planning knowledge in the context of real life financial planning situations. By passing this exam, you demonstrate to the public you have attained a competency level necessary to practice independently as a financial planner.

Many clients are somewhat confused by 529 plans and Trump’s tax reform law added to that confusion.. Top 10 Estate Planning Tax Facts for. SEC’s New Proxy Voting Guidance Gets Mixed Reviews.

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Most municipalities already have processes, through planning and zoning boards, in which they review new development or. If you value what you get from Mother Jones, please join us with a.

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Passage of the Tax Cuts and Jobs Act of 2017 represents the most sweeping rewrite of the federal tax code in more than three decades. It includes significant changes for businesses and individuals alike. We can help you navigate key provisions with industry-specific insight that focuses on what you need to know.

Tax reform is the process of changing the way taxes are collected or managed by the government and is usually undertaken to improve tax administration or to provide economic or social benefits. Tax reform can include reducing the level of taxation of all people by the government, making the tax system more progressive or less progressive, or simplifying the tax system and making the system.

No one knows tax reform better or gets you more than Block. Making sense of tax law changes is not new to us. With over 60 years of experience on your side, you can be sure you’re getting every credit, deduction and dollar you deserve.