Now that sweeping new tax legislation has been enacted by Congress and signed into law by the President, tax experts are taking a closer look at just what the Tax Cuts and Jobs Act means for businesses and individual taxpayers across the U.S. Here are a few changes you might expect to see with respect to your business and personal taxes in 2018:
Immediate Payroll Effect
With the tax bill effective immediately, businesses are scrambling to make changes to payroll systems that automatically calculate withholding taxes for employees.