Starting a new business is exciting, but understanding what comes next and staying on top of your “regulatory to-do list” can be challenging. Read on for a sample checklist and description of each task you should be aware of to… Read More

Depreciation is a powerful tax deduction.  For personal property used in a business—think equipment, computers, furniture, machinery etc.—current tax law allows for depreciation to be claimed at a very accelerated pace.  In many cases 100% of an asset’s cost can… Read More

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

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

The Tax Cuts and Jobs Act made changes to how net operating losses and business losses are treated. If your business activity will generate a loss in any tax year, or you think you might have a net operating loss… Read More

In the past, business-related meals and entertainment expenses incurred in the normal course of business were deductible up to 50% of the expense. But with recent tax law changes put into place by the Tax Cuts and Jobs Act, entertainment… Read More

The Tax Cuts and Jobs Act (TCJA) is now law, with most provisions in full effect for tax year 2018.  Taking these new laws into consideration, there are many positions that can be leveraged before year-end to maximize tax savings. … Read More

Generally, shareholders may receive stock tax-free in certain entity reorganizations. This stock received qualifies for non-recognition treatment under the theory that the new stock is a continuation of the old investment. However, when a shareholder receives something other than stock,… Read More

Qualified Opportunity Zones were created by the Tax Cuts and Jobs Act of 2017 to spur investment in distressed, low-income communities throughout the United States. In order to accomplish this, the Act provides investors the ability to defer tax on… Read More

Are you planning to sell any business or investment property that you anticipate will generate a large gain? If so, it is essential to consider the tax consequences that may come as a result of that sale. Generally, you are… Read More