Unlike many of the president’s about-face policy changes and cabinet picks, his proposed tax overhauls will take much longer to push through. Changes to the tax code that Trump advocates, like making it onerous or impossible to deduct your charitable contributions (to, say, Planned Parenthood and the ACLU Foundation), are not likely to happen until after 2017, if at all.
This is the prognosis from our trusted accountant, Steven Zelin, who has prepared our business and our personal returns for nearly 10 years. In that time we’ve seen his firm expand as he’s added a mix of salaried employees, freelancers, and small business owners to his base of happy clients. (If you are in this last category, you might consider holding off on a big purchase of equipment or signing a lease for your business, as Trump’s proposal to make the depreciation expense even more of a deduction will likely take effect as early as this fall or 2018—another tip from Steven.)
But we digress. The point is, if you would like to work with an accountant who is aware of the changes in place and the changes to come, and always looks out for your best interests, work with Steven and his competent staff.
Not only does he have experience working at major banks and accounting firms, Steven has some serious media cred, having appeared on ABC’s Nightline, in The Wall Street Journal, The New York Times and National Public Radio. (He’s also known as the Singing CPA, and his musical holiday greeting, “It’s the most deductible time of the year,” never gets old.)
Check out his services online, and schedule a meeting.