In recent years, while there may have been volatility in tax rates, the basic income tax landscape for individuals, trusts, and estates has remained relatively constant. The passage of the 2017 Tax Act1 at the close of 2017 significantly altered the planning landscape for 2018 and beyond. This new terrain has prompted advisers and taxpayers alike to pause, look around, become familiar with these new surroundings, and rethink how to navigate in this new tax environment.

As you plot a course forward, you may encounter new sights along the path, such as the qualified business income deduction. Views that seem familiar from afar may look a little different upon closer inspection, such as the increased ability to offset income with charitable contributions or the decreased ability to deduct state and local income taxes. Finally, you may begin to notice that there are things that are now missing, such as personal exemptions, miscellaneous itemized deductions, and alimony.

Of note, many tax reform provisions will be around for a relatively short period of time. Most provisions described herein will sunset on December 31, 2025, at which time this new tax planning landscape will revert back to the landscape we were familiar with before the enactment of the 2017 Tax Act. This chapter of the Guide addresses the new tax planning landscape in order to chart a path toward an efficient tax result.

Feel free to review the topics below to better understand how Nugent & Associates can help you.

Tax Planning


At Nugent & Associates, we're not just number crunchers. We bring over 3 decades of invaluable certified public accounting and tax expertise to your company – serving as business and financial strategists who can offer such services as tax and financial planning, investment advice, diligent financial records, and help with estate planning.

Even better, we will give you time to focus on what you do best: running the day-to-day operations that drive your business toward success.

Take advantage of our FREE and no obligation business checkup.

We will visit you at your business at a time and day convenient for you, analyze your numbers, discuss your goals and concerns and report back with a complimentary detailed written analysis to help your business succeed!

At Nugent & Associates, we're not just number crunchers. Our people bring decades of invaluable certified public accounting and financial and tax expertise to you – offering tax and financial strategies to individuals such as yourself. If you have any questions or concerns about your own tax, financial or investment matters, please do not hesitate to contact us.

Experienced tax and financial experts are not just for the super rich. At a reasonable fee you too can maximize your wealth and receive professional guidance for retirement, and/or any tax issues you may be facing, no matter your situation, with a tax and financial expert as your consultant.

Contact Nugent & Associates today. We don't charge for phone calls. You may just find you found an ally in your quest to have a great financial future.

After all, at Nugent & Associates, we succeed when you succeed!


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Tax Planning & Preparation

We assist our clients in individual and business tax planning throughout the year.

Nugent & Associates provides:
  • Year-Round analysis to ensure a smooth and predictable year-end close.
  • Assist in establishing retirement planning.
  • Performs in-depth review of all deductions available.

Monthly/Quarterly
Financial Statements


Nugent & Associates offers outstanding accounting services and acts as a quasi-controller for companies who do not employ their own full-time accountants.

This allows our clients with more time to focus on new services, new customers and other core business issues.

Business Planning, Budgeting
& Growth Strategies


Nugent & Associates assists it clients with:
  • Starting a new venture, product or service
  • Expanding a current organization, product or service
  • Buying a new business, product or service
  • Turning around a declining business

QuickBooks Training
& Support Services


As Certified QuickBooks Professional Advisors, we can be of assistance with QuickBooks accounting or payroll and help increase your productivity and efficiency.