The Tax Cuts and Jobs Act (TCJA), which was signed into law on December 22, brings many changes to the tax landscape that emerging brands operate in. This alert covers the most important changes in the new law that will impact food and beverage businesses, specifically with regards to:

• New corporate tax rate
  
• Net Operating Losses
  
• New deduction for pass-through businesses
  
• Accelerated depreciation and Section 179
  
• New limits on business interest deductions
  
• Excess loss limitation
  
• Reduced or eliminated employer deductions for business-related meals and entertainment
  
• Carried Interest
  

For detailed information, on the topics above, read the full article.

For more free resources on the Tax Cuts and Jobs Act and how it will impact a variety of other industries, visit our TCJA hub. 

Thank you and please feel free to reach out to me with any questions/comments directly! 

-Jim