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Office Closed for Thanksgiving: Be aware that the Delap office will be closed from Saturday, November 18, to Sunday, November 26, 2023. Our team works hard to deliver exceptional service to our clients, and we are rewarding our team with an extended Thanksgiving holiday. We will be happy to address needs that arise upon our return.
On Wednesday, September 27, the Trump Administration revealed its latest tax proposal to the public. It is a nine-page document that aims to make the tax code "simple, fair, and easy to understand." The goals of the plan are to provide tax relief to middle-class families and businesses, simplify tax return filings, and close tax breaks and loopholes.
The changes proposed to individual taxpayers include:
When it comes to businesses, the tax plan aims to provide a significant tax cut in the tax rate and create a new tax structure for small businesses.
The proposed changes are outlined below:
The final section the tax plan touches on deals with international taxation and aims to:
Here at Delap LLP, we are committed to bringing you the highest level of service and making sure that we are always aware of policy developments that affect our clients. We will keep you informed as the tax proposal changes and makes its way through Congress. If you have any questions on how the new tax proposal could affect you or your business, please contact our team today at (503) 697-4118.
Delap LLP is one of Portland’s largest local tax, assurance, wealth advisory, and information security consulting firms, located in Lake Oswego, Oregon.