by wabc | Nov 9, 2018 | Taxes |
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 law is the limit on individuals’ deductions for state and local taxes (SALT) that goes...
by wabc | Oct 26, 2018 | Taxes, What's Happening |
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 “nexus” for tax purposes was established only if the seller of goods or services...
by wabc | Oct 23, 2018 | Taxes |
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 remainder trust (CRT), you can transform a future tax liability into a current tax break, receive...
by wabc | Oct 19, 2018 | Firm News, Taxes |
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 specialist and one of the best instructors for continuing professional education tax programs in...
by wabc | Aug 17, 2018 | Taxes |
Here are just five of the tax-smart decisions we can help you make during the year. If handled properly, they might significantly reduce your tax liability: 1. Should you buy or lease vehicles, equipment and buildings? 2. If you’re going to make a major purchase...
by wabc | Aug 10, 2018 | Taxes |
Appropriate adjusting entries turn your books from a simple list of transactions into a far more accurate reflection of how your business is doing. You may think that as long as someone is recording every sale you make and every expense you pay, you’re doing...
