And …. Gives this Sack of Business Tax “Gifts”


OMA Connections Partner, Clark Schaefer Hackett, breaks down several provisions in particular of the Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) that may produce significant tax savings for businesses in 2015 and beyond.  President Obama signed the act into law on December 18, 2015. Many popular tax breaks — including some highly valued by businesses — become permanent, while others are extended through 2016 or 2019. OMA members who manufacture medical devices will appreciate the halt of the 2.3% excise tax on the sale of medical devices in 2016 and 2017.