How will the Tax Cuts and Jobs Act affect your small business? Get the scoop in this Balboa Capital infographic. We took the time to gather up all the information that you need to know.

1. The Tax Cuts
and Jobs Act
Offering Bountiful Deductions for
Small Business Owners Year-Round.
21%The permanent corporate
income tax rate, replacing
the 35% maximum tax rate.
20%The deduction amount of qualified
business income from certain
pass-through businesses.
30%The cap on business
interest deduction
before EBITDA.
Fresh Picks for a
Healthy Bottom Line.
100%
Bonus depreciation limit
on qualifying business
equipment through 2022.
$1 million
The new Section 179 tax deduction
limit, up from $500,000 last year.
$2.5
Million
Spending cap on
qualifying equipment
purchases.
Used
Qualifying used equipment
is now eligible for
bonus depreciation.
Equipment
Plus...100% bonus depreciation applies to
qualifying equipment placed into service
on or after September 27, 2017.
$10,000
The depreciation limit on
passenger automobiles used
for business in year one
$16,000
In year two
$9,600
In year three
$5,760
In year four and beyond
Cash Method
Of Accounting
The $5 million average
gross receipts threshold
increased to $25 million
Alternative
Minimum Tax
The corporate alternative
minimum tax (AMT) was
repealed
Consider weeding
these expenses out.
Several business income tax
deductions were eliminated.
Business
Entertainment
Bicycle
Programs
Local Lobbying
Expenses
Sources: CPA Journal, TaxFoundation.org, CPA Practice
Advisor, IRS.gov, thebalance.com
This infographic was created by Balboa Capital,
a technology-driven financing company that provides business
owners with fast, hassle-free solutions to fuel their growth
and success.
Visit www.balboacapital.com today.