Many years ago, Duke Ellington wrote the music to “Do Nothing ‘Til You Hear From Me”, and this remains good advice when deciding what to do about the new tax law. There are many changes in tax provisions that will take effect soon, and they promise significant benefits to business owners and investors. But getting the greatest advantage from these changes will take careful planning. And will require advice from your tax experts, whether they are lawyers or accountants. There will be a thousand summaries of the new law, but the best planning will dig into the specifics of the changes as they apply to the situation and opportunities for each business owner and investor. Start thinking now how you will take advantage of this once in a generation (or more) opportunity.
