Passthrough Income Tax

Get the most of your deduction

We can help with your specialized needs

One of the most important changes in the recently passed Tax Cuts and Jobs Act (TCIA) relates to the Section 199A deduction for Qualified Business Income (QBI).  For those who are not tax accountants, this refers to the new 20% deduction for pass through income received.

This law applies to sole proprietors who report their income on Schedule C, single and multi-member LLC’s, partnerships, and S-corporations and should be a boost to tax savings for many business owners and investors.

There is great potential for tax savings starting in 2019.  However, there are several limitations to this, but the details are very complex and must be analyzed on a case by case basis.  It is highly advisable that you speak with us further as 2019 progresses to know what effect, if any, this will have on you.

  • Tax Return Preparation
  • Tax Planning & Projections
  • Tax Cuts and Jobs Act (TCIA) Consulting

What can our specialists do for you?

Hancock Askew's full-service team provides multiple services with an emphasis on maximizing value to the client through our knowledge, insight and meticulous methodology.

Tampa Office Managing Partner

Kristen Brand

18 years of experience
Senior Manager

Grey Bell

12 years of experience
Atlanta – Norcross
Tax Partner - Savannah Office

Stephen Leonard

12 years of experience

Patricia Siles

21 years of experience

Get in Touch

How can we help? We want to hear from you. Sign up below to get in touch with one of our experts.

Stay up-to-date

Remain informed and connected. Follow us and join our mailing list.

Atlanta – Norcross
Atlanta – Powers Ferry