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.

Our specialists

Stephen Leonard, CPA

Tax Partner

912.234.8243

Lindsey Little, CPA

Senior Manager

912.234.8243

Claire B. McCarthy , CPA

Senior Manager

John McElderry, CPA, CGMA

Principal

770-874-1691

Carolyn McIntosh, CPA

Tax Partner

912.234.8243

Jake Meier, CPA

Senior Manager

813.254.2727

Patricia Siles, CPA

Tax Partner

305.928.6822

Joel Stettler, CPA

Senior Manager

770.246.0793

Services

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

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