Back Tax Accountant and Business CPA highlights the importance of accountants to help with new tax reform – Orlando, FL

Pauline Ho, a leading CPA in Orlando, Florida, has recently highlighted the significant role accountants and CPAs will play in navigating clients through changes in the new tax laws. For more information please visit

Orlando, FL, United States - February 14, 2018 /MM-REB/ —

In a recent interview Accountant Pauline Ho highlighted the significant role accountants and CPAs will play in navigating client through changes in the new tax code.

For more information please visit

On January 1, the Tax Cuts and Jobs Act of 2018 signed by President Trump came into effect, revamping the tax code by introducing new changes. Not all changes will be permanent, however, and most will expire in 2025.

When asked to elaborate, Mrs. Ho said, “These broad changes at both the enterprise and individual levels mean that the impact of the new tax code will not be the same for everyone. Consulting with an experienced accountant will ultimately help you save by taking advantage of deductions.”

Owners of pass-through companies in certain sectors, Ho says, are expected to be one of the main benefactors of the new tax code.

“The new tax law allows for small businesses to claim 20% of ‘qualified business income’ in their returns. However, there are several limitations to this new rule. A qualified accountant can advise businesses owners how they can make the most of these deductions,” Ho said.

This is expected to have repercussions throughout the business world, Mrs. Ho says, as pass-through entities - which include sole-proprietorships, partnerships, S corporations, and LLCs – comprise 95% of all businesses in America, according to figures from Business Insider.

The tax code also introduces significant changes for personal filing. Taxpayers can expect lower tax rates on personal income, with higher earners receiving higher cuts. The new tax code also calls for a temporary end to personal exemption and for an increase in standard deductions.

“With these new variables introduced into the equation, a CPA will calculate how much these changes will affect a client on a month-to-month or yearly basis, as well as how to maximize overall savings,” Mrs. Ho said.

The IRS plans to shed light on how much will be withheld by employers. In a statement made in late December, the IRS said that the “use of the new 2018 withholding guidelines will allow taxpayers to begin seeing the changes in their paychecks as early as February.”

While the changes seem significant, Mrs. Ho says, there’s no need to reconfigure financial plans and goals.

“The majority of people are not likely to see a massive swing in their overall returns for the next tax year. However, contacting a professional accountant is the best way to ensure that the necessary adjustments are made to spending habits or financial plans,” Ho said.


Contact Info:
Name: Pauline Ho
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814, USA
Phone: 407-401-9768

For more information, please visit

Source: MM-REB

Release ID: 300509

Latest News

Facebook fined in South Korea for limiting user access

Mar 22, 2018

SEOUL, South Korea — South Korea's telecoms regulator has fined Facebook for illegally limiting user access to its services from late 2016 to 2017. The Korea Communications Commission said Wednesday that Facebook should pay 396 million won ($369,400) as a penalty for violating a law against hurting the interests of users. The regulator also recommended that the company change its terms of use stipulating it cannot guarantee the quality of its services. The issue is unrelated to Facebook's troubles over allegations that Trump-affiliated data-mining firm Cambridge Analytica stole data from 50 million Facebook users to influence U.S. elections. But the...

World shares waver as investors await Fed decision on rates

Mar 22, 2018

SEOUL, South Korea — World shares were mostly lower Wednesday as some markets gave back early gains ahead of the Federal Reserve's first decision on interest rates since the appointment of its new chair, Jerome Powell. KEEPING SCORE: Germany's DAX lost 0.1 percent to 12,295.13 and the CAC 40 in France declined 0.3 percent to 5,238.50. Britain's FTSE 100 fell 0.3 percent to 7,043.60. Futures for the S&P 500 lost 0.2 percent to 2,719.00. Dow futures lost 0.2 percent to 24,713.00, pointing to early losses on Wall Street. FED WATCH: Federal Reserve policymakers have begun a two-day policy meeting that...

Asian stocks advance ahead of Fed meeting, Tokyo closed

Mar 22, 2018

SEOUL, South Korea — Asian stock markets advanced Wednesday ahead of the Federal Reserve's first meeting since the appointment of its new chair, Jerome Powell. KEEPING SCORE: Hong Kong's Hang Seng index outperformed the region, up 1.2 percent to 31,941.52. China's Shanghai Composite Index gained 0.5 percent to 3,306.09 and South Korea's Kospi added 0.1 percent to 2,487.60. Australia's S&P/ASX 200 advanced 0.2 percent to 5,949.50. Stocks in Taiwan and Southeast Asia were mostly higher. Japan was closed for a holiday. FED WATCH: The Federal Reserve's leaders have begun a two-day policy meeting that is expected to result in another...

Global shares mixed as investors watch Facebook, Fed

Mar 22, 2018

TOKYO — Global shares were mixed Tuesday as indexes stabilized after jitters over Facebook and other technology companies led to losses on Wall Street. Investors are also awaiting the first Federal Reserve meeting under the new chairman, Jerome Powell, and anticipating the first rate increase of the year. KEEPING SCORE: France's CAC 40 gained 0.2 percent to 5,239, while Germany's DAX added 0.4 percent to 12,262. Britain's FTSE 100 was 0.5 percent higher at 7,074. U.S. shares were set to open little changed, with Dow futures flat and S&P 500 futures up 0.1 percent. FACEBOOK DROP: Facebook's worst loss in...

Japan cult members could be hanged any day for subway attack

Mar 22, 2018

TOKYO — Thirteen Japanese cult members may be sent to the gallows any day now for a deadly 1995 gas attack on the Tokyo subway system and other crimes. But when is uncertain. Such is the secrecy that surrounds Japan's death penalty system. Tuesday marked 23 years since members of the Aum Shinrikyo cult punctured plastic bags to release sarin nerve gas inside subway cars, killing 13 people and sickening thousands. Cult leader Shoko Asahara and a dozen followers were sentenced to death for that and other crimes that killed 27 in all. Their sentences date back as far as...