BLOG

    Brixey & Meyer Blog

    2018 Year End Tax News

    Posted by Jeff Kujawa on Nov 15, 2018 2:52:13 PM

    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. 

    Read More

    Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, Manufacturers

    Manufacturers Aren't Immune From Wayfair's Sales Tax Impact

    Posted by Kari Brooke on Oct 24, 2018 10:44:38 AM

    Background on South Dakota vs. Wayfair

    Earlier this summer, the U.S. Supreme Court ruled in the landmark case South Dakota vs. Wayfair that the "physical presence test" for determining if a seller is required to administer sales taxes is “incorrect.” States may now legally require sellers to administer sales taxes, even if the seller has no in-state physical presence.

    The case is a momentous development in the debate over the digital economy’s responsibility for the collection of sales tax. As companies increasingly conduct business across state lines, how states and the federal government craft tax legislation that addresses the evolving definition of “nexus” significantly impacts all taxpayers—including manufacturers.

    While many states offer manufacturers generous sales tax exemptions on certain equipment and machinery purchases, the industry is now faced with new sales/use tax rules that impact both purchase and sale transactions. The Wayfair decision has important business implications manufacturers can’t afford to ignore—lest they wind up with a hefty tax bill they didn’t plan for.

    Read More

    Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, Manufacturers

    New IRS Guidelines on Business Meal Deductions

    Posted by Steve Hood on Oct 8, 2018 11:23:45 AM

    On Wednesday of last week, the IRS issued long awaited guidance clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or business, despite changes to the meal and entertainment expense deduction under the Tax Cuts and Jobs Act.

    Read More

    Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, tax reform, meal deduction, Steve Hood

    Tax Reform Law Makes Changes to the Meals & Entertainment Deduction

    Posted by Jeff Kujawa on Aug 10, 2018 10:51:33 AM

    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.

    Read More

    Topics: Takeaways, brixey and meyer, Tax updates, Tax Team, Tax, tax reform

    Tax Update: Changes to Health Savings Accounts

    Posted by Jeff Kujawa on Mar 7, 2018 10:30:49 AM

    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. 

    Read More

    Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates

    Tax Cuts & Jobs Act - Key Takeaways for Businesses

    Posted by Jeff Kujawa on Jan 18, 2018 5:07:05 PM

    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. 

    Read More

    Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates

    Tax Reform Update - Trump Signs Tax-Cut Bill

    Posted by Jeff Kujawa on Dec 22, 2017 1:28:27 PM

     
    President Trump has signed into law a massive tax-cut bill.

    Read More

    Topics: brixey and meyer, Tax Planning, planning, Tax, Tax Team, tax reform, Tax updates

    2017 Year-End Tax Planning

    Posted by Jeff Kujawa on Dec 14, 2017 2:09:21 PM

    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. 

    Read More

    Topics: brixey and meyer, Tax Planning, 2017 tax planning, year-end planning, planning, Tax, Tax Team

    There’s so much to read out there. Where do you start? Start here! We’ve pulled together the latest articles, white papers, case studies and links to the content that matters most.  

    Subscribe to Email Updates

    Recent Posts

    Posts by Topic

    see all