Month: February 2018
Understanding the Qualified Business Income (QBI) Deduction
February 28, 2018
The centerpiece of the Tax Cuts & Jobs Act (the “Act”) was the reduction in the top corporate income tax rate from 35% to 21%. This includes personal service corporations … Continued
Pennsylvania Tax Law Change That Might Impact Your Business
February 20, 2018
We are writing to make you aware of a significant change in Pennsylvania tax law that may impact your business. The changes made are for 2018 Form 1099s which will … Continued
Tax Cuts and Jobs Act: Itemized Deductions
February 14, 2018
The new tax law resulted in several changes to deductions individuals can take on their personal income tax returns. When planning for the 2018 tax year it is important to be aware of these changes and how they will impact each individual filing an income tax return.
Tax Cuts and Jobs Act: Suspended Deductions
February 08, 2018
The Tax Cuts and Jobs Act changed and suspended many deductions that taxpayers could take on their individual tax returns.
Effects of the Tax Cuts and Jobs Act on Nonprofit Organizations
February 05, 2018
Many people think that nonprofit organizations (NPOs) are immune to changes in regulations affecting income tax.