Looking at the value of a business, it’s the intangible assets that account for most of the value, not the tangible machines, buildings and other hard assets. Those intangible assets are the sum the company’s intellectual capital which can be… Read More
The House and Senate have voted and passed tax reform legislation, and President Trump has signed into law. Now that tax reform is definite, below we have highlighted some of the major provisions impacting individuals. Read the corporate tax provisions.… Read More
In light of the recent tax reform, the IRS recently released updated income tax withholding tables for 2018 that employees and employers should be aware of. To more accurately calculate your withholdings going forward, the IRS created a Withholding Calculator.… Read More
Under the new tax reform which was signed into law on December 22, 2017, the itemized deduction for state and local taxes will be limited to $10,000 in 2018 going forward. In 2017 and earlier, taxpayers were allowed to deduct… Read More
Historically, taxpayers have been afforded the opportunity to include various expenses, in excess of 2 percent of their adjusted gross income (AGI), in the calculation of itemized deductions on their individual income tax returns.
Starting on January 1, 2018 and… Read More