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Publications

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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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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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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Thursday, January 24, 2019

Should You Switch Your Business to C Corporation Status?

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Thanks to the Tax Cuts and Jobs Act (TCJA), the federal income tax rate on C corporations is now a flat 21%, for tax years beginning in 2018 and beyond. Under prior law, C corporations were subject to graduated tax rates ranging from 15% to 35%. This is a permanent change, as long as Congress doesn’t […]

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Wednesday, January 16, 2019

2018 Income Tax Withholdings: Too Much, Too Little or Just Right?

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Did you withhold enough money from your regular paychecks in 2018? If you withheld too little — or, didn’t pay enough estimated taxes if you’re self-employed — you could have an unpleasant surprise when you file your 2018 return. Tax Law Changes The Tax Cuts and Jobs Act (TCJA) has made several significant changes to the […]

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Wednesday, January 9, 2019

Important Tax Figures for 2019

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The below link will direct you to a table that provides some important federal tax information for 2019, as compared with 2018. Many of the dollar amounts are unchanged and some changed only slightly due to inflation. Important federal tax information for 2019  

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