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December 14, 2017

Tax bill: 5 things for small firms to know

By JOYCE M. ROSENBERG
AP Business Writer

NEW YORK — Small business owners are awaiting details of a reported Republican deal in principle on a tax overhaul, the details of which could come soon.

The deal, which would reconcile differences in the House and Senate versions of the tax bill, may answer the question of which business owners will pay lower taxes, and how much of a break they'll get. Both bills have raised the possibility that many owners, including professionals like accountants and consultants, wouldn't see a tax cut.


 
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