New SC College Tax Credit In Effect

There’s only one certainty when it comes to college tuition: It’s expensive, especially in a state where college costs are ranked the highest in the… Read More…

Does the Reduction in the Corporate Tax Rate Mean I Should Convert My Business to a C Corp?

“Should I convert my business to a C corp?” We’re getting that question a lot, and, frankly, it used to be easier to answer. That’s… Read More…

Cost Segregation Study Savings Increase With Tax Reform

Tax reform brought major changes, and we’ve covered them extensively in our blogs: lowering of the corporate tax rate, lower rates for “pass through” entities,… Read More…

New Tax Benefit for Private Foundations Could Help Charitable Family Business Owners

A little-explored aspect of The Bipartisan Budget Act, signed into law on February 9, 2018, may be a boon to individuals who want to use… Read More…

IRS To Process Some Retroactive Tax Breaks

Last week we brought to your attention tax extenders made retroactive by the recent bipartisan budget deal. Again, those are tax breaks that had expired… Read More…

New Tax Laws Affect Nonprofits

New tax laws affect nonprofits in numerous ways.   There’s a lot of chatter out there about the Tax Cuts and Jobs Act’s doubling of… Read More…

Congress Makes Many Tax Extenders Retroactive

The newly passed bipartisan budget deal makes many tax extenders retroactive to this year.  Since the end of 2016, the fate of several expired tax… Read More…

More Generous Tax Break for Medical Expenses

Detailing the changes in tax law made by the Tax Cuts and Jobs Act is one thing, but now that tax season is in full… Read More…

Living or Doing Business Outside the U.S.? Here’s what you need to know about tax reform.

The Tax Cuts and Jobs Act fully transformed the tax code and, in many ways, made it much simpler. But for those Americans living abroad,… Read More…

Further Guidance Issued on Withholding Rules

The IRS released on Monday Notice 2018-14, providing more guidance on the withholding rules we brought to your attention last week. This further guidance is… Read More…