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
Tax Reform Update for Real Estate and Construction Professionals
After much deliberation between the House and Senate, the tax reform bill has been passed and signed into law. Now, it’s time for real estate and construction professionals to understand and… 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
Starting a company is one of the most exhilarating and frightening things a person can do in their lifetime. Picking accounting software for the company can be just as frightening. QuickBooks® is widely known as one of the best accounting… 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, we have highlighted some of the major provisions impacting businesses. Read the individual tax provisions.
Revised… Read More