Josh Lance
Initial Thoughts on the Tax Cuts and Jobs Act

Initial Thoughts on the Tax Cuts and Jobs Act

Shortly after 5pm local time, the House and Senate Conference released its combined reconciled Tax Cuts and Jobs Act bill that will go to the House and Senate where it sounds like it will be passed without issue and sent to the President’s desk for signature before the end of the year.  The Conference bill comes in at just under 1100 pages and, if you are in the mood for some light weekend reading, can be read in its entirety here: http://docs.house.gov/billsthisweek/20171218/CRPT-115HRPT-466.pdf

While I think I am a pretty fast reader, it will take me some time to go through it all and provide some thoughts on it. For your viewing pleasure, I gave my initial thoughts on the tax changes from the bill on Facebook Live, which you can see below.  For those that watched it live, I assume it was to help them fall asleep, but you can hear my thoughts below. I will provide further updates throughout the next few days as we dig into the bill further.

 

About Josh Lance

A licensed certified public accountant (IL) and Chartered Global Management Accountant, Josh is also a family man who calls Chicago home.  Before venturing on his own with a mission to help small businesses, Josh spent his early career at a top-10 national public accounting firm before working at an ultra high net worth family office.  Josh is also an adjunct professor at Northwestern University in Evanston, IL.  He enjoys making wine at home, cooking, traveling, and cheering on his favorite football and soccer teams. Josh was honored by being selected to the 2017 class of the AICPA Leadership Academy and was named as one of the 40 under 40 in 2017 by CPA Practice Advisor.