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The Tax Reform Bill and what it means to you

taxes

On Friday, December 22nd, 2017 President Donald Trump signed the tax reform bill passed by both the House and Senate. The bill contains significant changes including a repeal of the deduction and exclusion for moving expenses, effective January 1, 2018. This includes household goods shipping and the majority of final move expenses. Those expenses previously excludable will now be a taxable expense if paid for by an employer on the behalf of their employee or reimbursed to the employee.

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Household Goods Industry Update

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This summer the household goods industry continues to face the same obstacles during peak season as in recent years. The expanding driver shortage that has challenged van lines to recruit enough drivers to handle existing volume is not only expected to continue, but worsen over the next few years. An Indeed.com study stated that "The American Truck...
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