Marked by turbulent trade conditions, a shifting retail landscape, continued fallout over tax reform and the accelerated growth of coworking companies, 2018 was an eventful year for the real estate and construction industries.
A variety of forces are at play in 2019. The IRS will continue to release additional guidance on provisions introduced via tax reform, the future of the U.S. trade policy is uncertain and interest rates will likely rise again.
Topics: brixey and meyer, tax reform, Tax Team, Tax, 2019, New Year, Real Estate, Construction
The reality of tax reform and its effects on current year income and deductions will soon be evident as we move into the 2018 tax filing season. Though questions remain, there are steps which can be taken prior to year-end to take full advantage of the new provisions and avoid some of the pitfalls. We've compiled some of those steps for both individuals and business owners. You can download those below.
Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, Manufacturers
The 2017 Tax Cuts and Jobs Act made significant changes with respect to the deductibility of business meal and entertainment expenses. One of the biggest changes is the deductibility of entertainment expenses.
Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, tax reform
The Internal Revenue Bulletin 2018-10 was released March 5, and the Internal Revenue Service (IRS) described changes to the limit on health savings accounts (HSAs) as prescribed by the Tax Cuts and Jobs Act of 2017.
Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates
Our team has prepared a summary of key provisions from the Tax Cuts and Jobs Act (“Act”) which became law December 22, 2017.
Please click HERE to view those provisions.
Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates
President Trump has signed into law a massive tax-cut bill.
Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates
Even though the specter of tax reform is looming large and it appears that a bill will be passed before year-end, most of the new provisions will not be effective until 2018.
Topics: brixey and meyer, Tax Planning, 2017 tax planning, year-end planning, planning, Tax, Tax Team
On Thursday, November 2nd, the House GOP leaders took a big step in their attempt to overhaul the US tax code by releasing legislation that proposes several changes to the current system.
Topics: Tax Planning, dayton cpa, cincinnati cpa, Accounting
Topics: Tax Planning, dayton cpa, cincinnati cpa, Accounting
President Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015, which extends or makes permanent many expired provisions retroactive to January 1, 2015. Permanently extended: Section 179 deduction up to $500,000 and R&D tax credit; 5 year extension: 50% bonus depreciation and WOTC. See article for full details of all provisions.
Topics: Tax Planning