SVA Certified Public Accountants Professional Jacob Peters was recently featured in an In Business magazine article titled “Calm Before the Storm”. With Congress still working on President Trump’s tax proposal, accountants can only guess on what to expect in the 2017 tax year. The article discusses these predictions.
In the article, Jacob states his main concern for 2017 is how and when the certainty on tax rates will occur. “In particular, the proposed reductions for business taxation will have a far-reaching impact on a lot of planning decisions that would need to be made before the end of the year,” states Jacob.
Jacob’s prediction for 2017 is “we will end up with some level of tax rate reduction, along with something to encourage repatriation of foreign profits.” Jacob concludes, “One thing we do know is that [any 2017 tax law changes] will be tremendous.”
Jacob is a Principal with Business Advisory Services at SVA Certified Public Accountants, S.C. He uses his experience to provide clients with guidance and consulting in areas such as federal and state income tax planning, debt forgiveness, Roth IRA conversions, energy-efficiency tax incentives, and multi-state tax compliance. His experience working with businesses in the professional services, distribution, construction, retail and real estate industries provide the ability to consult with clients in a variety of areas.
To read the entire article, visit http://www.ibmadison.com/In-Business-Madison/July-2017/Calm-before-the-storm/.