Tax Legislation

  • Do you own business real estate? These Depreciation-related breaks may help you.

    • March 21, 2019
    • Posted by: Ryan Carriere
    • Category: Accounting & Bookkeeping, Tax, Tax Legislation
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    One of the benefits of owning a commercial building has been provided by the tax code in the manner of depreciation write offs. While commercial buildings and improvements generally are depreciated over 39 years, special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. Unfortunately, land is

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  • Wayfair Decision Update: The States React

    • February 6, 2019
    • Posted by: Jen Gostovic
    • Category: Accounting & Bookkeeping, Tax, Tax Legislation
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    Since the June 2018 Wayfair vs South Dakota Supreme Court decision, states have begun adopting new and differing rules for collecting their share of sales tax from businesses in other states selling locally. The result is a complex matrix of collection requirements on the part of businesses selling to customers across state lines, particularly sales

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  • Ability to deduct business travel mixed with vacation is questionable

    • August 1, 2018
    • Posted by: Jen Gostovic
    • Category: Tax, Tax Legislation
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    If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing. However, be careful, as you may not be eligible for the deduction you’re expecting. General rules of the road Business travel expenses are potentially deductible if the travel is within

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  • 2018 Ushers in Big Changes in Taxes

    • June 15, 2018
    • Posted by: Jen Gostovic
    • Category: Tax, Tax Legislation
    No Comments

    2017 Tax Cuts and Jobs Act: Planning Required For Leveraging Benefits of Tax Code Changes At this point, everyone is aware of the 2017 Tax Cuts and Jobs Act. On December 22, 2017, Congress passed sweeping tax code changes intended to create jobs and spur economic growth. 2018 tax year changes welcome a host of

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