New tax plan won’t help small businesses after hurricane, wildfire, other disasters
Nicole Spector at NBC News includes Joe Heider, president of Cirrus Wealth Management, in an article
discussing the new tax bill’s impact on small businesses recovering from a natural disaster. “Businesses
will no longer be able to deduct moving expenses. While we don’t yet know the nuances and interpretations of this in the new tax bill, should a business owner or employee have to relocate after a
disaster, those costs probably won’t be deductible,” he says.