By Jordon Rosen, CPA, MST, AEP® It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good time. Below are a few key provisions of the Act with related planning tips. Keep in mind that most individual provisions are temporary and … Continued
Unfortunately, there is no shortage of fraudulent schemes to scam you out of your money or grab your identity.
Meals and Entertainment has a long history as targets for perceived (or not) abuse by businesses and taxpayers which in turn brought scrutiny from the IRS.
Final regulations have been released providing guidance concerning substantiation and reporting requirements for cash and noncash charitable contributions.
Last summer I wrote a blog entitled, “So You Are Changing Jobs, Are You Forgetting Something?
The Tax Cuts and Jobs Act made modifications to the treatment of certain like-kind exchanges.
Prior to a recent U.S. Supreme Court ruling, the standard to determine “substantial nexus” for sales tax purposes was based on “physical presence” as provided in Quill v. North Dakota.
Posted by Valerie Middlebrooks, CPA NOL Deduction – Under the old law NOL utilization was not subject to limitations based on taxable income. Under the new law NOL utilization will be limited to 80% of taxable income. Also under old law NOL’s could be carried back 2 years and forward for 20 years. Under the new law NOL’s can no … Continued
Under the newly enacted Tax Cuts and Jobs Act, the corporate tax rate decreased from a maximum of 35 percent to a flat 21 percent rate beginning in 2018.
The Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of individuals and businesses. The changes are extensive and we wanted to provide a high-level overview of some of the features to keep you informed.