Ted Bauman: Implications Of The Tax Cut and Jobs Act

Ted Bauman is an editorial Dir. for Banyan Hill Publishing Company. He is an author and contributor to several of the companies most widely read investment advice columns such as The Bauman Letter. He originally received an education in economics from the University of Cape Town in South Africa which he attended after graduating high school in the United States of America. Over the course of his life, he has made a habit of traveling the world in order to observe the many differences in the functions of national economies around the world. He has used his firsthand observations of various national economies in order to develop his financial knowledge which he uses in his financial and investment advice publications. Before becoming a member of Banyan Hill Publishing Company, he already had served as a consultant for a number of high-level national governments and corporations, even including the United Nations.

His father Bob Bauman was an editor for Banyan Hill Publishing Company and upon his announcement for retirement offered his position in the company to his son to serve as his replacement. He is now committed to informing his readership base on unique investment strategies that promise investment strategies that will allow individuals to protect their assets, as well as their privacy. Learn more about Ted Bauman  for more info


Recently he has answered some key questions in regards to the nation’s new tax plan. After the recent move by Congress to pass the Tax Cuts and Jobs Act he has been working fervently to understand the implications of the change to our nation’s tax code.

There are several changes to the nation’s tax code that are important to understand. First, business entities that are described as pass-throughs will be able to save on their taxes. Pass-throughs are businesses and corporations that do not pay any taxes. The profits or losses but these companies generate our past on to the owners of the company’s. Examples of pass-through companies are limited liability corporations, as corporations, and partnerships.

Just about any individual will be able to save a significant amount of money on taxes. If you run a private practice as a business professional, it may be of your benefit to break your business up and run the majority of your profits through a pass-through corporation in order to minimize your tax liability.

In addition, the standard deduction for joint filers has been increased to $24,000 which is double the rate and has been for the last several years. Visit: https://ideamensch.com/ted-bauman/

 

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