< iframe width="480" elevation="320" src="https://www.youtube.com/embed/oRmsYIhHaRg?rel=0" frameborder="0" allowfullscreen > New Tax obligation Law ABC's. P is for Travel Through Revenue. There is a 20% exclusion of income for go through earnings, which is a Schedule C on an income tax return. This was done to adjust rates for service owners across the board. Please keep in mind that all situations are special and you need to speak to a certified tax obligation professional to tax strategy for your certain situation. If you have any type of questions, don't hesitate to call us! (209) 941-0189 #TaxLawABC #NewTaxLaw #PeterHoltzCPA #SmallBusinessOwners #CPA #Accounting # 209Business #TrustedBusinessAdvisor #TaxPlanning