Posts Tagged ‘TCJA’

Tax Guide- The ins and outs of the easing of loss limitation rules

To provide businesses and their owners with some relief from the financial effects of the COVID-19 crisis, the Coronavirus Aid, Relief, and Economic Security (CARES) Act eases the rules for claiming certain tax losses. Here’s

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Posted In: Alerts & Advisories

Tax Guide- Relaxed limit on business interest deductions

In previous posts, we have mentioned the implications that the Tax Cuts & Jobs Act have on business interest deductions, along with the impact the CARES Act has on them. In the following post, we

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Posted In: Alerts & Advisories

Emerging Tax Alert- What do the 2021 cost-of-living adjustment numbers mean for you?

The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for inflation, but some remained at 2020 levels. As you implement 2020 year-end tax planning strategies,

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Posted In: Alerts & Advisories

Emerging Tax Alert- Year-end tax planning strategies must take business turbulence into account

Election years often lead to uncertainty for businesses, but 2020 surely takes the cake when it comes to unpredictability. Amid the chaos of the COVID-19 pandemic, the resulting economic downturn and civil unrest, businesses are

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Posted In: Alerts & Advisories

Emerging Tax Alert- The IRS provides guidance on meal and entertainment deductions

The IRS has released proposed regulations addressing the deductibility of meal and entertainment expenses in tax years beginning after December 31, 2017. Among other things, the proposed regulations clear up lingering confusion regarding whether meals

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Posted In: Alerts & Advisories

Emerging Tax Alert- IRS updates rules for mileage-related deductions

The IRS has issued new guidance updating the rules for using optional standard mileage rates when calculating “above-the-line” deductions for the costs of operating an automobile for certain purposes. IRS Revenue Procedure 2019-46 also lays

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Posted In: Alerts & Advisories

5 ways to trim 2019 taxes

Additional Resources for year-end tax planning: Factor 2020 cost-of-living adjustments into your year-end tax planning Business year-end tax planning in a TCJA world It’s not too late to trim your 2019 tax bill Selling securities

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Posted In: Alerts & Advisories

Emerging Tax Alert- Factor 2020 cost-of-living adjustments into your year-end tax planning

The IRS recently issued its 2020 cost-of-living adjustments. With inflation remaining largely in check, many amounts increased slightly, and some stayed at 2019 levels. As you implement 2019 year-end tax planning strategies, be sure to

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Posted In: Alerts & Advisories

Jonathan Gorski shares insights at roundtable

On Tuesday, October 29th, Partner Jonathan Gorski presented at Highland Healthcare Associates IPA’s Business Roundtable. The theme of the event was Maximizing Profitability Through Real Estate and Jonathan presented on ‘Accounting Strategies to Consider When

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Posted In: Events

Emerging Tax Alert- Business year-end tax planning in a TCJA world

The first tax-filing season under the Tax Cuts and Jobs Act (TCJA) was a time of uncertainty for many businesses as they struggled with the implications of the law’s sweeping changes for their bottom lines.

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Posted In: Alerts & Advisories