Yesterday the anticipated tax bill, title the Tax Cuts and Jobs Act, was released by House Republicans. The 429-page bill has many changes that impact businesses and individuals. We’ve attached a few summaries of the proposal
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November 2017

Proposed Tax Cuts and Job Act

Yesterday the anticipated tax bill, title the Tax Cuts and Jobs Act, was released by House Republicans. The 429-page bill has many changes that impact businesses and individuals. We’ve attached a few summaries of the proposal – section-by-section summary and details summary – as well as a graphic showing the possible impacts to individuals. This legislation’s fate is still uncertain as it arrives in Congress. There are sure to be modifications to these proposed changes before this becomes law.

Please call us if you would like clarification on how these changes may impact your taxes.

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OUM provides Tax, Audit, Assurance, and Business Advisory services to public and private companies and individuals. OUM is one of the leading CPA firms in California, with offices in San Francisco, and the San Diego areas. We have over 80 professional staff and many of our partners and senior managers were previously partners and managers at Big 4 firms. Since 2000 the San Francisco Business Times has included OUM in their annual ranking of the “Top 25 Largest Bay Area Accounting firms.” We have also been included in Inside Public Accounting’s annual list of the “Top 200 Accounting Firms in the Nation.”

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