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Monday, February 11, 2019

Making Smart Mergers and Acquisitions under Today’s Tax Law

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Many businesses will pay less federal income taxes in 2018 and beyond, thanks to the Tax Cuts and Jobs Act (TCJA). And some will spend their tax savings on merging with or acquiring another business. Before you jump on the M&A bandwagon, it’s important to understand how your transaction will be taxed under current tax law. […]

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Monday, February 11, 2019

IRS Offers QBI Deduction Safe-Harbor Rule for Rental Real Estate

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The IRS recently issued guidance on the new deduction for up to 20% of qualified business income (QBI) from pass-through entities under the Tax Cuts and Jobs Act (TCJA). It aims to clarify when the QBI deduction is available for income from rental real estate enterprises. READ MORE

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Friday, February 8, 2019

Medicare Cost Reports: Changes to Required Supporting Documentation for Submission

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The Federal Fiscal Year 2019 Inpatient Prospective Payment System (IPPS) final rule contained a provision which finalizes changes to the supporting documentation required for submission of an acceptable Medicare cost report.  The regulations at CFR §413.24(f)(5)(i) have been revised for all providers submitting a Medicare cost report to indicate that failure to submit the required […]

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Tuesday, February 5, 2019

OSHA Log Posting Tips

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Injury and illness reports aren’t generally fascinating reading material. Even so, the Occupational Safety and Health Administration (OSHA) requires most businesses to fill out detailed reports of work-related injuries and illness, and to post them conspicuously. From February 1 through April 30 the logs (known as OSHA Form 300 logs) for the prior calendar year must […]

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Tuesday, February 5, 2019

Updating Your Workplace Drug Use Policy and Enforcement Strategies

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Several recent trends are causing some employers to revise their drug use policies. Here are some issues to consider to help ensure your company’s strategy is effective and up-to-date. Changes in the Workplace In general, workplace drug testing is losing popularity, except for hazardous jobs in which drug impairment could lead to serious accidents and injuries. […]

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Friday, February 1, 2019

Minimize Unrelated Business Income for Employer Provided Parking

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TAKE ACTION NOW TO ADDRESS AND MINIMIZE YOUR ORGANIZATIONS TAX LIABILITY ATTRIBUTABLE TO EMPLOYEE PROVIDED PARKING BENEFITS BEFORE MARCH 31, 2019.  While publicized as “tax simplification” the Tax Cuts and Jobs Act of 2017 (The Act), created provisions that are anything but simple. The Act added two provisions that impact tax exempt organizations as follows: New Section 274(a)(4) […]

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Friday, February 1, 2019

National Wear Red Day!

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Proud that Fust Charles Chambers LLP is going RED for National Wear Red Day!

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Wednesday, January 30, 2019

How to Combine Home Sale Gain Exclusion with a Like-Kind Exchange

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Over the years, real estate has proven to be a lucrative investment for many households. And, in some parts of the country, current market values have surpassed levels seen prior to the 2008 financial crisis. If your principal residence has appreciated significantly in value, you may be subject to capital gains tax when it’s sold. If […]

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Tuesday, January 29, 2019

Farm Bill Provides Opportunity To Refinance Indebted Rural Hospitals

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President Trump signed the Farm Bill into law on December 20, 2018. In addition to providing substantial aid to U.S. farmers, a key provision of this legislation allows rural hospitals to refinance substantial debt through lower-interest loans from USDA Rural Development. As written in the legislation, the Bill authorizes assistance for a community facility under […]

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Monday, January 28, 2019

Amanda Lattimore Earns CPA License

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Amanda Lattimore, Audit Associate, has earned her Certified Public Accountant (CPA) license. Amanda joined the Firm in October, 2017. She received her B.S. and M.B.A. in Accounting from SUNY Oswego.

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