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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...
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...
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...
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....
The recent Wayfair decision has drastically altered the landscape for states that want to collect sales and use taxes. Prior to this landmark U.S. Supreme Court case, economic...
If you own assets that have appreciated significantly over the years, you may be able to profit more by giving them away than by selling them. By setting up a charitable...
BY JAMES M. KEHL, PUBLISHED BY BLOOMBERG TAX After the proposed regulations concerning the qualified business income (QBI) deduction were published, a CPA, who is a tax...
On June 21, 2018, the Supreme Court of the United States handed down a historic decision in the sales and use tax nexus case South Dakota v. Wayfair, Inc. The 5-4 ruling...
What if one day you were driving to work, thinking about how great your family is and how well business is going, when you get hit by another car? Your car is totaled, you can't...
While everyone can agree that asset allocation is an important part of an investment strategy, not everyone is willing to employ it. Many investors would rather spend the bulk of...