Are you interested in setting up a private foundation? With this approach, you make contributions to a foundation and get a charitable tax deduction just as you would with any...
Donations of Stock to a Private Foundation
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Revenue Recognition: Private Companies Prepare for New Rules
Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) are running out of time to implement the new revenue recognition rules. Are your accounting...
Gender-Based Pay Discrimination Allegations: Is Your Business Vulnerable?
Laws and regulations governing gender-based pay equality have been on the books for decades. But equal pay for men and women has become a hot button in the business world, thanks...
Overview of Real Estate Depreciation Changes
The Tax Cuts and Jobs Act (TCJA) included several favorable changes to the federal income tax depreciation rules for real estate. However, one intended change didn't make it into...
DOL Pitches Auto-Portability Program to Preserve Retirement Savings
The U.S. Department of Labor (DOL) is advancing a proposal that would enable 401(k) plan sponsors to automatically transfer account balances up to $5,000 of former participants...
The IRS Tells Employers How to Report W-2 Scams
The IRS is explaining, in a recent release, what employers should do if they become the victim of a W-2 scam. Background Information Any employer could become the target of a W-2...
Beware of Deductions Claimed for Certain Business Expenses
To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is...
Employers: Consider Telemedicine and Make Sure Employees Use It
Telemedicine continues to change the way that medical professionals and patients interact. In a survey by the Mercer consulting firm, nearly three-quarters of employers with at...
IRS Issues Proposed Guidance on Controversial SALT Limitation
In recent weeks, the IRS has issued a series of proposed regulations to help clarify provisions of the Tax Cuts and Jobs Act (TCJA). One of the most controversial parts of the...
5 Quick Highlights of the New Tax Law
By Shelley Schexnayder, Communications, Senior Advisor for 1st Global As 2018 winds to an end, it’s time to both look back on the prior year and look forward into the new year....