Don’t hold your breath waiting for your tax postcard to arrive in the mail before filing your 2018 tax returns. Many provisions in the new tax code are far from simple, although, overall we... Read More »
The Internal Revenue Service issued a notice to corporate taxpayers to provide more information about the tax rates they will be paying as they transition to the new tax law.
The IRS noted that... Read More »
The Tax Cuts and Jobs Act (TCJA) has plenty of good news for small businesses, including very favorable first-year depreciation breaks for new and used vehicles used in the business.
First, the... Read More »
Online shopping definitely has its perks. Consumers have the benefit of being able to shop from the comfort and convenience of their own homes. Moreover, given that web-based merchants have larger... Read More »
The Tax Cuts and Jobs Act signed into law by President Trump in December is already benefiting American families, workers, and companies. The United States will continue to reap the economic... Read More »
The new law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017. If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation... Read More »
The new law increases the bonus depreciation percentage from 50 percent to 100 percent for qualified property acquired and placed in service after Sept. 27, 2017, and before Jan. 1, 2023. The bonus... Read More »
A taxpayer may elect to expense the cost of any section 179 property and deduct it in the year the property is placed in service. The new law increased the maximum deduction from $500,000 to $1... Read More »
The Tax Cuts and Jobs Act (TCJA) eliminates write-offs for miscellaneous itemized expenses that were previously subject to the 2%-of-adjusted-gross-income (AGI) deduction threshold. That meant your... Read More »
Nexsen Pruet - James P. Rourke and Mike Brittingham
As we move into the second quarter of 2018, now is a good time to remind employers about the significant... Read More »
By Reeves Mahoney
Have you been putting off finalizing your divorce? Well, you might want to... Read More »
By Rep. Martha Mcsally Special to the Arizona Daily Star... Read More »
Tax reform is working. Three months into the year, the Tax Cuts and Jobs Act has resulted in higher... Read More »
Maryland is attempting to reinstate one of the most unpopular provisions of the Affordable Care Act (ACA): the individual mandate.
The federal Tax Cuts and Jobs Act, signed into law in December,... Read More »
The enactment of the Tax Cuts and Jobs Act of 2017 has raised a number... Read More »
By Nellie AkalpMarch 14, 2018
Normally at this time of year, individuals and small business owners are solely focused... Read More »