Passed in November of 2017 and taking effect in the 2018 tax year, the Tax Cuts and Jobs Act is arguably the most significant update to US tax law in the last 30 years. While the majority of the bill focuses issues related to individual taxation, there are many changes for businesses as well. By understanding how the TCJA affects you and your business, you can avoid surprises come April 15th, take advantages of the new tax features, and help your business succeed.