Accountants didn’t have much of a holiday

Nancy Marshall-Genzer Jan 1, 2018
HTML EMBED:
COPY

Accountants didn’t have much of a holiday

Nancy Marshall-Genzer Jan 1, 2018
HTML EMBED:
COPY

Now that the $1.5 trillion tax overhaul has been signed into law, the real fun begins for accountants. They’re scrambling to understand the legislation, which runs more than 1,000 pages and includes fundamental changes to the corporate tax rate, the standard deduction and tax brackets for individual filers. CPAs and tax lawyers around the nation have spent their holidays parsing the bill to figure out how it could help, or hurt, their clients.

Click the audio player above for the full story. 

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.