Spring 2018 issue of Horizons

Depending how each state uses the federal guidelines to calculate income tax, the potential increase or decrease in revenue could be significant and still has the possibility to change as the finer details of the Act are analyzed during 2018. On average, however, states will likely see a small (less than 10% in nearly all estimates) increase to their income tax collections, if their income taxes calculations conform on some level to the federal tax regulations.

There are other potential effects that have yet to be estimated or predicted based on the nature of the Act and its upcoming interpretations. Pay close attention to updates and changes related to the Act during 2018 in order to best plan for the changes it will have on the local governments.

PUBLIC SECTOR SERVICES GROUP

Through our extensive list of clients, including many cities and governmental entities, we understand the issues unique to the public sector. For more information, visit www.RubinBrown.com/PublicSector .

Cheryl Wallace, CPA Partner-In-Charge Public Sector Services Group 303.952.1288 cheryl.wallace@rubinbrown.com

Chester Moyer, CPA Partner & Vice Chair Public Sector Services Group 816.859.7945 chester.moyer@rubinbrown.com

Jeff Winter, CPA, CGMA Chairman & Partner Public Sector Services Group 314.290.3408 jeff.winter@rubinbrown.com

Ted Williamson, CPA Partner & Vice Chair Public Sector Services Group 314.678.3534 ted.williamson@rubinbrown.com

Max Haberkorn, CPA Accountant Public Sector Services Group 303.952.1262 max.haberkorn@rubinbrown.com

Spring 2018

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