Jul 18, 2018 | Firm Updates, Small Business
The Tax Cuts and Jobs Act (TCJA) introduced a flat 21% federal income tax rate for C corporations for tax years beginning in 2018 and beyond. Under prior law, profitable C corporations paid up to 35%. This change has caused many business owners to ask: What’s...
Jul 17, 2018 | Firm Updates, Small Business
The Tax Cuts and Jobs Act (TCJA) provides a valuable new tax break to noncorporate owners of pass-through entities: a deduction for a portion of qualified business income (QBI). The deduction generally applies to income from sole proprietorships, partnerships, S...
Jul 16, 2018 | Firm Updates, International Tax
Taxpayers are sometimes unaware they have a foreign filing requirement. In this blog post, we will look at an example in which the client was the beneficiary of a retirement account that was considered a foreign financial asset, even though he had never worked outside...
Jul 10, 2018 | Firm Updates, Individual Tax, Tax Tips
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you—your time—would also be deductible. Unfortunately, that’s not the case. Donations of time or...
Jul 9, 2018 | Firm Updates, International Tax
Sometimes taxpayers are unaware that they have foreign reporting requirements. When discovered, they may need to catch up. In this blog, we will look at the hypothetical story of Antoine, a French citizen, living in the United States for more than 20 years. Antoine...
Jul 5, 2018 | Firm Updates, Greek Organizations
A fraternity, like any organization, requires a certain amount of structure, planning, and hands-on participation to run smoothly and effectively. Through our extensive experience working with Greek organizations, we have come up with these five top traits of a...
