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Business Valuation and the New Tax Law

The valuation profession is still sorting out the impact of federal tax reform on business valuation, as many of the nuances are still buried in the new tax law. In addition, the IRS has yet to issue any guidance on the tax bill, much less its implications on valuation of businesses.

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New Tax Law Roils Busy Season

Although the new Tax Cut and Jobs Act won't officially take effect until next year, accounting professionals are already reporting that it's causing problems and depressing their forecasts for this year's busy season results. Many others are finding new opportunities, so the new tax law is affecting each firm, practice and book of business differently.

Rick Telberg takes a closer look.

 

TSCPA Launches Three-Year Strategic Plan: TSCPA 2020

Our new three-year strategic plan called TSCPA 2020 focuses on building a vibrant future by empowering you, our members, to lead and succeed. The plan outlines how TSCPA will advance our mission to support you in your professional endeavors while promoting the value and high standards of Texas CPAs. Watch this video to learn more about TSCPA 2020 and the guiding principles and areas of focus that we’ll use to chart our course for success. Visit tscpa.org/tscpa2020 for more information and resources on TSCPA 2020. We look forward to a continued partnership as we move into a vibrant future together!