16 | January/February 2019
A Business Forum
ursday, February 14th, at 7:30 a.m.
Highland Country Club at 105 Fairway Drive, Fayetteville, NC 28305
SPEAKERS
For more information or to purchase tickets visit CityViewNC.com
BUSINESS BREAKFAST
CityView
Mark Zarthar
President of
Fayetteville
Woodpeckers
Mike Nagowski
Chief Executive
Officer of Cape
Fear Valley Health
Patrick Callahan, PhD
Chairman of
the board of
Cool Spring District
P L A T I N U M S P O N S O R
G O L D S P O N S O R S
S I L V E R S P O N S O R
McFadyen & Sumner, CPAs PA
Certied Public Accountants
572 Executive Place, Fayetteville, NC • 910.323.3100
www.mscpas.com • facebook.com/mcfadyensumner
If you're a small business owner, you may be wondering how
you can use this new Tax Reform provision. The short answer:
It's complicated and you should get help!
Some things to consider:
• Small businesses structured as sole proprietors, S corporations
and partnerships can deduct up to 20% of their qualified business
income, but that percentage can be reduced if your taxable income
reaches $157,500 ($315,000 for married, filing jointly).
• The amount of the reduction depends partly on the wages paid
and property acquired by your business during the year.
• Certain service industries including health, law, consulting,
athletics, financial services and accounting are treated differently.
The IRS is expected to issue more clarification on how these
rules are applied. If you would like to know how this new deduction
affects you, as well as other ways to save on your taxes, contact our
firm at 910-323-3100.
As a leading edge CPA firm, McFadyen & Sumner offers a full
range of accounting, tax and financial services to help you get the
most from your business for your family.
Hoping to Use the New 20%
Small Business Deduction?
