Juneau, AK (KINY)-George Elgee, a partner at the Juneau accounting firm Elgee Rehfeld and Mertz, says he is getting lots of inquiries from his clients about the new tax laws. Elgee says the changes will benefit most of his clients.
Elgee says despite what he is seeing in the press, he thinks most of his clients will benefit because the tax rate is reduced and the standard deduction is increased.
Elgee says that the law is just the first step. Now regulations and definitions will have to be written. He says this will be the biggest change to the tax code in 40 years.