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One of the biggest changes with the Tax Cuts and Jobs Act that affected business clients was the qualified business income (QBI) deduction.

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How the Tax Cuts and Jobs Act impacted businesses in Northern Nevada

The Tax Cuts and Jobs Act signed into law in December 2017 was the largest overhaul to the tax code in decades. While large businesses hailed the new reduced 21 percent corporate tax rate, smaller businesses and pass-through entities such as S-corporations and sole proprietorships were left swimming in murky waters as their accountants navigated the ramifications of the code changes.

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