September 6, 2018
by Tracy Lustyan for alliantgroup
Published in Software Magazine
Tax season has come and gone, but for software and tech companies, next year’s season is when these businesses will feel the most substantial impact of the recent tax reform bill. With many of the most important provisions from the legislation set to take effect in tax year 2018—meaning next tax season—now is the time for executives to review the new opportunities that exists for both big tech and startups.
Here we highlight a few segments of the bill and a breakdown of its anticipated impact on software and tech companies.
Reduced Rates for Corporations
The new law slashes the corporate tax rate down from 35 to 21 percent and completely eliminates the corporate Alternative Minimum Tax (AMT). Both modifications are permanent.
Both provisions are obviously great news for big-time tech companies, with the reduced rates putting […]