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The impact of tax law reform on people and businesses in 2018

Any new tax laws also brings new risks, especially relating to compliance. Many companies are uncertain on how they can apply the new tax laws due to the lack of interpretive authority of the new provisions.

By Amanda Ciccatelli | Updated on January 15, 2018
A larger workforce armed with more disposable income means more spending–and for any company selling product, spending is the key ingredient in fueling growth. (Photo: Shutterstock)

Tax reform will have extensive impact on the business climate in the near and long term, with companies focused on navigating many changes and nuances, in addition to new risk and compliance challenges.

Brian Newman, tax partner at CohnReznick, and Joy Matak, tax director at CohnReznick, recently sat down with Inside Counsel to discuss the seismic shift of the landscape and specific tax reform developments. He shared changes related to the tax landscape, including the impact on trusts and estates, state and local tax, international tax, the not-for-profit area and changes related to executive compensation.

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