20% Tax Break – What You Need to Know
By James P. McAndrews III, Director of Tax
On August 7, 2018, the U.S. Treasury Department issued proposed regulations on the new 20% tax break included in last year’s $1.5 trillion tax reform bill. These regulations spell out what kinds of companies and professionals will qualify as eligible pass-through entities for this new deduction.
This long-awaited clarification has significant […]
HSA & FSA – Health Plans and Their 2016 Contribution Limits
The way healthcare is being paid for is changing across the nation. Whether it is Obamacare or a health savings account, there are many options to stay out of debt. Having a plan of some sort is vital in these days of rising health costs.
Health Savings Account: HSA’s […]
Taxpayers and Identity Theft
Identity theft is becoming all too common in today’s world, as it is a reality that many people will have to face in their lifetime. To go another step further, some people within this category will face one of the lesser known versions of theft – tax return […]
Nonprofit Organizations – How to Handle Donated Property
Nonprofits, unlike most businesses, have a separate monster to tackle when it comes to taxes – how to handle property that has been donated. Depending on what the property is, how much it is worth, and what it is used for, there are different rules to follow when […]