Our Thoughts On Archive

Taxpayers can continue to deduct interest paid on home equity loans under the recently enacted Tax Cuts and Jobs Act

For tax years beginning after Dec. 31, 2017 and before Jan. 1, 2026, the original…

Late To Comply with GDPR? Here Are Three Steps to Take Right Now.

Background The European Union’s (EU) General Data Protection Regulation (GDPR) goes into effect on May…

Internal Revenue Service Seeking Comments on Proposed Changes to Donor Advised Funds

On December 4, 2017, the Internal Revenue Service (IRS) issued Notice 2017-73, wherein the agency…

Siloing of Unrelated Business Income Is Creating Many Questions for Tax-Exempt Organizations

“Siloing” is the term being used to describe the 2017 tax reform change that requires…

How Tax Reform has Affected the Manufacturing Industry

On December 22, 2017, the highly anticipated tax reform was signed into law. One goal…

You Get a Tax Cut! And They Get a Tax Cut! Should I Stay an S Corp?

The Tax Cuts and Jobs Act represents the largest overhaul in federal tax law since…

Business Interest Deduction

The Tax Cuts and Jobs Act (“the Act”) provides for new limits on the business…

Changes to the Entertainment Expense

The Tax Cuts and Jobs Act permanently repealed most business deductions related to entertainment, amusement…

Like-Kind Exchanges No Longer Available for Personal Property

Effective after December 31, 2017, the Tax Cuts and Jobs Act (“the Act”) repeals the…

New Limitation on Business Losses of Pass-through Entities

The Tax Cuts and Jobs Act expands certain limitations on losses for non-corporate taxpayers. The…