Tax season 2018 has come and gone. Being the first following the enactment of the sweeping Tax Cuts and Jobs Act, it was one for the accounting history books.

Here’s a few things we learned:

  • This act may be the exact opposite of tax simplification.
  • Sure, the new 1040 is postcard sized … if you don’t count the six new schedules.
  • And you can never drink enough coffee.

While complicated, the Tax Cuts and Jobs Act provided a lot of new tax benefits to businesses, especially those that conducted tax projections and planning.

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