Your 2017 tax return may be your last chance to take the “manufacturers’ deduction”While many provisions of the Tax Cuts and Jobs Act (TCJA) will save businesses tax, the new law also reduces or eliminates some tax breaks for businesses. One break it eliminates is...
Bid to collect internet sales tax gets U.S. Supreme Court review | Tax Pro TodayIt is easy to go after US-based businesses, even the small companies that remain in business trying to comply with the 8,000 different Sales Tax collection rates and jurisdictions. So, yes,...
New tax law gives pass-through businesses a valuable deductionAlthough the drop of the corporate tax rate from a top rate of 35% to a flat rate of 21% may be one of the most talked about provisions of the Tax Cuts and Jobs Act (TCJA),...
The TCJA temporarily expands bonus depreciationThe Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation. While most TCJA provisions go into effect for the 2018 tax year,...
Business Tax Law ChangesThe following is my client letter addressing the Business Tax Law Changes in the Tax Cuts and Jobs Act of 2017:On December 22, the President signed into law the Tax Cuts and Jobs Act of 2017 (TCJA). The 503-page TCJA is the...
Tax Cuts and Jobs Act: Key provisions affecting businessesThe recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes a multitude of provisions that will have a major...
This is my client letter addressing Tax Reform:Dear Client:Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your business calculate your federal income tax bill, and the amount of federal...
This year’s company holiday party is probably tax deductible, but next year’s may not beMany businesses are hosting holiday parties for employees this time of year. It’s a great way to reward your staff for their hard work and have a little fun. And you...
Should you buy a business vehicle before year end?One way to reduce your 2017 tax bill is to buy a business vehicle before year end. But don’t make a purchase without first looking at what your 2017 deduction would be and whether tax reform legislation...
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