Nov 23, 2016 | Firm Updates, Small Business
Last month we provided information about the new Fair Labor Standards Act (FLSA) regulations that were set to be implemented on December 1, 2016. Those new regulations are now suddenly on hold after a federal judge in Texas ruled in favor of a preliminary injunction...
Nov 23, 2016 | Firm Updates, Tax Tips
Smart timing of deductible expenses can reduce your tax liability, and poor timing can unnecessarily increase it. When you don’t expect to be subject to the alternative minimum tax (AMT) in the current year, accelerating deductible expenses into the current year...
Nov 21, 2016 | Firm Updates, Small Business, Tax Tips
The last month or so of the year offers accrual-basis taxpayers an opportunity to make some timely moves that might enable them to save money on their 2016 tax bill. Record and recognize The key to saving tax as an accrual-basis taxpayer is to properly record and...
Nov 16, 2016 | Firm Updates, Individual Tax, Tax Tips
Now that Donald Trump has been elected President of the United States and Republicans have retained control of both chambers of Congress, an overhaul of the U.S. tax code next year is likely. President-elect Trump’s tax reform plan, released earlier this year,...
Nov 14, 2016 | Firm Updates, Small Business
The election of Donald Trump as President of the United States could result in major tax law changes in 2017. Proposed changes spelled out in Trump’s tax reform plan released earlier this year that would affect businesses include: Reducing the top corporate income tax...