134 New Tax Laws Will Affect Your Coaching Practice
The Coach Approach Ministries Podcast · Coach Approach Ministries
January 10, 201929m 23s
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Show Notes
Brian interviews former Special Agent Laura Sanders who worked almost 10 years for the IRS. Laura identifies five areas where the new tax laws will affect you on your next tax filing.
1. Tax Rates Lowered 2. Child Tax Credit Increased 3. Personal Exemptions Eliminated 4. Flat Standard Deduction vs. Itemized Deductions 5. 20% Deduction for Qualified Trade or Business - Section 199A (the most important section for self-employed coaches)