If change creates opportunity, then this year should be one for the record books. Three days before Christmas, the Tax Cuts and Jobs Act became the law of the land. Good news for business owners: The corporate tax rate was literally sliced from 35 percent to 21 percent beginning in 2018. The top individual tax rate will drop to 37 percent. The standard deduction was increased to $24,000 for married couples filing jointly and to $12,000 for singles. The child tax credit was increased to $2,000 per qualifying child. However, personal exemptions were eliminated. Beginning 2018 with a well-thought-out, organized plan can create your best chance to take advantage of the opportunities that come with this change.