Final Regulations Released on 20% Deduction for Pass-Through Businesses

Business owners got a bit of good news last week when the IRS released long-anticipated word on how businesses can claim one of the biggest…

Construction, Contractor Guide to Revenue Recognition

Since 2016, we’ve written with frequency on the changes coming to all industries due to the new revenue recognition standard. The changes, a result of…

UPDATE: 2019 Tax Season to Open January 28th

Last week, we announced we’d be operating on a “business as usual” schedule regarding tax season. The federal government may have shut down, but we’d…

How the Government Shutdown Will Affect Your Taxes

The federal government has shut down (again), which means there’s no federal budget in place. That means that funding for many government agencies has run…

Treasury Lessens the Burden of Parking Tax to Churches, Nonprofits

Churches and other nonprofits that provide parking for their employees are getting a gift from the Treasury Department this holiday season: new guidance that softens…

Section 199A Proposed Regulations

One of the most talked about and widely misunderstood provisions of the Tax Cuts and Jobs Act of 2017 is Section 199A, a section which…

Dividing Property After Divorce: The Option of a 1031 Exchange

One of the greatest assets married couples typically own is real estate — either their own home or some kind of investment property — and…

IRS Issues Interim Withholding Guidelines

Back in June, in the wake of the Tax Cuts and Jobs Act, the IRS issued a draft Form W-4, Employee’s Withholding Allowance Certificate, and…

Tax Reform in Light of the Mid-Term Elections

With control of the House of Representatives — and with it the tax-writing Ways and Means Committee — flipping solidly into the ‘D’ category this…

5 Steps of the New Revenue Recognition Model for Franchisors

Our previous blog highlighted the changes franchisors need prepare for in light of the new revenue recognition changes. In addition to that, there are some…