Under the 2017 Tax Cuts and Jobs Act, newly devised Section 199A of the Internal Revenue Code establishes a qualified business income deduction for certain pass-through entities and disregarded entities.
The law firm of Woods, Fuller, Shultz and Smith, P.C. is proud to announce the recent promotion of two Associates to Shareholder status.
In the United States, more than 12.3 million businesses are owned by women, employing over 9 million people and generating $1.8 trillion in annual revenue. Women started new businesses at the rate of 1,821 per day between 2017 and 2018. With plenty of competition from other businesses, female business owners may want to consider certification as a woman-owned business.