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Tax Cuts and Jobs Act

NCPA seeks clarification on pass-through deduction in new tax Law

NCPA seeks clarification on pass-through deduction in new tax Law

ALEXANDRIA, Va. –The National Community Pharmacists Association, which represents the owners of 22,000 small businesses, is seeking clarification on community pharmacists’ ability to obtain the pass-through deduction under the Tax Cuts and Jobs Act. The association provided comments this week to Treasury Secretary Steven Mnuchin on the Qualified Business Income Deduction proposed rule. NCPA has long advocated for

Big events of 2017 that will shape the future

Big events of 2017 that will shape the future

A case could be made that for pharmacy operators passage of the Tax Cuts and Jobs Act late last month was the biggest story of 2017. Championed by the Republican leadership in Congress and President Trump, the $1.5 trillion measure will provide substantial, permanent tax relief for businesses — the corporate tax rate was cut