Preparing video...
0:00 / 0:00
Tax Law: Downsides & Deadlines Every Business MUST Know!
27 views
Discover how we break down the impactful tax law affecting every business! We discuss planning timeframes, potential downsides, and state recognition of these new tax regulations. Stay informed to optimize your financial strategy.
Comments(0)
Transcript
Auto-generated transcript. Not time-synced to the video.
So that's what makes me passionate about
this tax law because it affects every
every single business. It has to plan
this way. It's almost August. You have
five more months to plan to see what you
can do to lower your tax thing. Uh there
is the question that's normally asked
and and and many uh from PEX asked me
this question. Is there any downside to
this?
Uh, I'll answer it in very very simple
terms. Not all states recognize the new
tax laws on the federal basis. New York
is not one of them. California is not
one of them. All these states that are
highly taxed, they don't give you yet,
maybe they can still change it, they
don't give you yet a bonus depreciation
and they hold it against you. And that's
one of the downsides of of that of the
of the bill the the states.