Issue link: https://nebusinessmedia.uberflip.com/i/1004054
18 Hartford Business Journal • July 16, 2018 • www.HartfordBusiness.com T ax-reform legislation passed by Congress in the Tax Cuts and Jobs Act at the end of last year changes the game for many in regard to their personal and business fi nancial planning. The fact that things are diff erent now and include new opportunities and challenges is clear; what may not be clear to banking clients is exactly what this new framework means for their individual situation. This can be complicated, confusing stuff , which the folks at Webster Bank understand; they have watched the situation carefully. Knowing that its valued clients would have individual questions and be looking for the best solutions, Webster Bank has made strides to assure it can direct them to the most expert advice possible. "It's important to note," said Tim Bergstrom, regional president and head of business banking for Webster Bank, Connecticut, "we are not in the business of off ering tax advice. We are in the business of working alongside tax professionals and tax attorneys for our clients' best interests. We are certainly here to maximize clients' cash fl ow that they may realize as a result of their tax rate being slashed." And improving cash fl ow, said Bergstrom, is a constant main business focus among the bank's business clients. Ripple Effects John Guy Jr. is Webster Bank's director of business banking and is based out of the bank's Southington offi ce. He said that business owners are interested in learning about the tax-rate change and how it relates to making informed fi nancial decisions, understanding any new challenges and the best ways to put freed-up dollars to work, which now may be available to support new growth. "Tax reform can aff ect payroll, practices, assets, investments and effi ciencies. We can bring in an expert to help create that framework on changes to the tax law and 20 Hartford Business Journal • July 16, 2018 • www.HartfordBusiness.com | Congress approved the new tax-reform plan in December of 2017, part of the Tax Cuts and Jobs Act. | PHOTOS | SHUTTERSTOCK BY SUSAN SHALHOUB Connecting clients with information & solutions BY SUSAN SHALHOUB Connecting clients with information & solutions Connecting clients with information & solutions How might Tax Reform impact your business? Sponsored Content WEBSTER BANK INTELLIGENCE SERIES