Tax reform and the impact to your franchiseTax reform is here, it’s big, and it will impact your franchise. As the first major overhaul of the country’s tax code since 1986, the Tax Cuts and Jobs Act is bringing with it substantial, wide-sweeping changes to business taxes, credits and deductions.
With topics like entity selection, C-corp versus S-corp and LLC, and the qualified business deduction (QBI) headlining most business-related news, you may be feeling a little overwhelmed with what’s to come over the next year.
Before jumping to change your entity or your business structure, you will need to consider the long-term impacts this could have on your franchise.
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