Tax reform considerations

Tax reform considerations

When the Tax Cuts and Job Act (TCJA) became law in 2017, the United States tax code significantly changed.  Those changes, from deductions and accounting methods, to succession planning opportunities, have important implications for many taxpayers. Additionally, TCJA...
Tax tips for startups

Tax tips for startups

Whether you’re considering a startup business or have already begun one, be sure you don’t overlook the important matter of taxes. Experts strongly advise business owners to take time to look at businesses similar to theirs and research how they are handling taxes,...
The ABCs of Cryptocurrency

The ABCs of Cryptocurrency

The ABCs of Cryptocurrency Accounting Bitcoin Cryptocurrency We expect there to be major changes this year in how the IRS will enforce cryptocurrency gains. In this blog post we explore the definition of cryptocurrency and what you need to know about accounting for...
2018 Year-End Planning Tips for Businesses

2018 Year-End Planning Tips for Businesses

The Tax Cuts and Jobs Act (TCJA) took effect on January 1, 2018, for most provisions, and for many businesses it provides benefits such as reduced corporate tax rates, the end of the corporate alternative minimum tax, and a new pass-through business income deduction....
What does Section 199A mean for your business?

What does Section 199A mean for your business?

A new provision of the Tax Cuts and Jobs Act of December 2017, titled Section 199A, stipulates that owners of sole proprietorships, S corps. or partnerships can deduct up to 20% of the income earned by the business.  The idea behind Section 199A is to afford the...