The answer to that question could depend on weather or not your business is incorporated.
Republican lawmakers say that one of the largest tax cuts in their tax bill, a 20 percent deduction for pass-through income, is for small businesses and job creators. But there are also millions of other tax filers — many at the highest income levels — who would benefit significantly. It appears that small businesses that are incorporated stand to benefit from the “pass-through income” provision, while many others may not.