Do you or your employees deduct transportation expenses for operating an automobile for business purposes? If so, learn about recent IRS guidance on optional standard mileage rates.
Factor 2020 cost-of-living adjustments into your year-end tax planning
If you’re working on your year-end tax plan, you’d be wise to take these 2020 cost-of-living amounts into consideration.
Business year-end tax planning in a TCJA world
Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
It’s not too late to trim your 2019 tax bill
If you’re concerned about your 2019 tax liability, consider these year-end tax planning opportunities.
The U.S. Department of Labor finalizes the new overtime rule
The U.S. Department of Labor’s final overtime rule goes into effect on January 1, 2020. Will your company be ready?
IRS issues final QBI real estate safe harbor rules
A safe harbor for rental real estate to qualify for the qualified business income deduction is now allowed.
IRS provides additional guidance on bonus depreciation under the TCJA
Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?
DOL expands retirement plan options for smaller businesses
The costs involved with funding a retirement plan for employees can greatly burden a small business. The U.S. Dept. of Labor has issued a final rule that can ease the burden.
Congress acts to reform the IRS, enhance taxpayer protections
The Taxpayer First Act is a wide-ranging IRS reform bill that also includes various other provisions that protect taxpayers’ rights. Here are the details.