Reaction to Tax Act's Unintended Consequences for Some Accounting Firms
Friday, December 22, 2017
Posted by: Ann Lupo
Dear LCPA Members,
We are sharing with you the AICPA's response to the monumental tax reform package now awaiting the President's signaturein which AICPA Presidentand CEO Barry C. Melancon, CPA, CGMA, expressed his concernsover the disparity in the tax treatment of accounting firms versus other pass-throughs.
At the introduction of the legislation LCPA's advocacy efforts, in cooperation withAICPA's Legislative Team, included detailed discussions to make our concerns knownto the House and Senate. We will continue to keep you up to date as we work with AICPA and lawmakers to address those concerns while they finalize the tax reform process—your best interestand that of yourclients and employers is our top priority.