Are you ready to take that big step to make a house your home sweet home? With the passage of the Tax Cuts and Jobs Act of 2017 (TCJA), the 2018 tax year will be reflective of the significant changes… Read More
Is Your Tax-Exempt Organization Truly “Exempt” From Sales and Use Tax?
The Internal Revenue Service commonly refers to charitable organizations as nonprofit entities, 501(c)(3) organizations, or tax-exempt entities. Unfortunately, this implied reference to tax exemption will not always be the case. The Internal Revenue Code provides an exemption from federal income… Read More
“Interest”-ing Changes – The New Business Interest Limitation
When the Tax Cuts and Jobs Act was placed into law on December 22, 2017, it introduced new limitations on the deductibility of business interest expenses under section 163(j). Business interest expense refers to interest paid or accrued in the… Read More
A Gift from Your Foreign Relative Could Cost You
Have you received a recent gift from a foreign person? While the reporting threshold is high if the gift is from foreign estates or nonresident aliens, if the gift is from a foreign partnership or foreign corporation, the threshold is… Read More
The 3 Most Common Types of Credit Card Fraud and How to Prevent Them
Victims of credit card fraud have tripled since 2013, and recent data continues to assert that this number is on the rise. Our increasingly digital age has made the nature of technological transactions all too easy, however, it has been… Read More
Can Children Actually Save You Money?
Under new law, the more children you have, the more you can potentially lower your tax liability. The Tax Cuts and Jobs Act of 2017 (TCJA) made a significant change to the child tax credit to increase the amount of… Read More
You Call That a Fringe Benefit?
One aspect of The Tax Cuts and Jobs Act that may unexpectedly impact your business is the amendment to make “Qualified Transportation Fringes” nondeductible for tax purposes. Under the new tax law, expenses such as providing your employees with a… Read More
Asset Protection: How Trusts Can Shield Your Wealth
Do you have plans to start a new business, have multiple business ventures, or simply wish to establish a solid financial foundation for yourself and your family? If so, you might have already considered setting up a trust to protect… Read More
In CRTs We Trust
Do you want to give money to charity while also maintaining a steady flow of income for yourself or your beneficiaries? There are two major ways to give back that will do just that through charitable remainder trusts: CRUTs and… Read More
Forensic Accounting; What’s All the Hype?
In recent years, the visibility of forensic accounting has increased, and has become a point of focus in the media, as well as pop culture. Typically, forensics is associated with criminal dramas and the process of working a crime scene…. Read More
