In 2017, the Trump Administration passed the Tax Cuts and Jobs Act (TCJA) which drastically cut corporate tax rates from 35% to 21%. While arguments can be made for some reduction from 35% (e.g.
One of the first questions I ask prospective clients is whether they have a budget. Whether you have enough income to cover your expenditure several times over, or you are drawing down on assets to fund your liabilities, the importance of a budget is high.
Our initial conversations with prospective clients typically centre around two common themes – people want reassurance that their investment portfolio is tax-efficient given their complex tax reporting obligations, and they want their investments to generate returns so that their financial goals can be satisfied over the long-term.
As the world now slowly adjusts to the new realities of the world, financial or otherwise, it is worthwhile considering some of the regulations implemented in April as well as changes that could be expected in the near future.