Replies to post #17126 on The Rising Influence of Rising Affluence

[10nisman]

OT

The purpose of this thread was that we don't have a clue where we sit on taxes, and until we run it through the outside accountants we don't have a clue on the Trump Tax benefits.

What outside accountants are you using? You should have discussed this with them in January after the tax act was enacted in December. We were having detailed discussions with our clients throughout 2017 to prepare them for what may end up happening. This allowed our clients to have special one-time bonus plans in place should a tax cut be enacted and thus, our clients paid these one-time bonuses in early 2018 and received the higher 2017 tax rate deduction.

Are you not making quarterly corporate tax payments (assuming you're generating taxable income)? If so, how are you / they calculating them without using the current tax regime? This isn't complicated or difficult to do. And you're sleeping behind the wheel if you're waiting to do this later in the year.