Potential Implications of New Business Interest Expense Deduction Limitations

March 1, 2019

The Tax Cuts and Jobs Act (TCJA) is generally viewed as providing opportunities to reduce Federal income taxes paid with respect to business activities. For the most part, that is true. However, there are some potentially negative components of the TCJA.View

Qualified Opportunity Zones Offer Potential Tax Benefits When Selling a Business

January 18, 2019

When owners are considering a sale of their business as an exit strategy, identifying how much will be remain after paying taxes can be a critical component of the decision processes.View

Updates on 6 Business-Related Provisions of the Tax Cuts and Jobs Act

October 12, 2018

The IRS has begun to issue guidance on various components of the Tax Cuts and Jobs Act. Here are updates on six key areas that affect many businesses.View

Year-End Tax Planning in the Post-Tax Cuts and Jobs Act Era

August 17, 2018

The annual tax planning process typically begins each fall. It can be the most critical component of the annual relationship cycle between a business owner and their CPA.View

Confused About the New Rules for Tax Deductions on Meals and Entertainment? You’re Not Alone

April 26, 2018

Effective January 1, 2018, no tax deduction will be permitted for entertainment costs and meal costs previously fully deductible under the “for the convenience of the employer” criteria will now be subject to a 50 percent deduction limitation.View

C Corporation vs. Pass-Through in a Post Tax Cuts and Jobs Act World

March 4, 2018

The evaluation of C Corp vs. pass-through entity status should go beyond a simple comparison of tax rates. There are many other factors to consider and they are highly dependent on your company’s individual circumstances.View

Revisiting Your Choice of Business Entity in a Post-Tax Reform World

December 11, 2017

Tax reform legislation has been passed by the House and the Senate, with conference committee activities aimed at coming up with a final package.View

Year-End Tax Planning in the Shadow of Proposed Tax Reform

October 13, 2017

This year's uncertainty regarding tax planning involves whether a shift in our Federal system of income tax will unfold in connection with tax reform.View

Be Aware of the Tax Implications of Giving Employees Ownership

August 18, 2017

There are a number of important considerations when evaluating the pros and cons of giving employees ownership, not the least of which involve taxes.View

Using Your Car for Business? Be Careful of Tax Deductions and Recordkeeping

June 23, 2017

Business owners should keep a close eye towards their deductions and recordkeeping habits when using their car for business.View