Trump Tax Law Spurs Job Creation...for Tax Lawyers and Accountants
Business is unusually strong and should remain robust for years as a result of the law, executives say
Congress just created a new tax break for millions of pass-through businesses. But every business owner doesn't automatically qualify. WSJ's Richard Rubin overcomes the obstacles to claim the 20% pass through business deduction - on an actual obstacle course.
WASHINGTON—In 2017, Congress passed the Tax Cuts and Jobs Act. Many of the jobs it is creating, it turns out, are in the tax industry.
The overhaul continues to generate thousands of jobs for tax professionals as companies analyze the law, restructure operations and rely on tax experts to do all the work flowing from the legislation and IRS regulations, according to lawyers and executives at tax firms. Business is unusually strong and should remain robust for years as a result of the law, they say.
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