Employers have their hands full after the passage of tax reform, according to Wolters Kluwer white paper examining the pending challenges of the Tax Cuts and Jobs Act.

Any new tax laws also brings new risks, especially relating to compliance. Many companies are uncertain on how they can apply the new tax laws due to the lack of interpretive authority of the new provisions.

The new tables reflect the increase in the standard deduction, repeal of personal exemptions and changes in tax rates and brackets under the new tax law.

Between the governments tax overhaul, a list of fluctuating ACA regulations and the challenges created by new technology, Its not going to be an easy year for small businesses.