Prior to the Tax Cuts and Jobs Act (TCJA), taxpayers could exchange like-kind business property (such as trading in a business vehicle) and defer any gain until the property was…
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Preparing for Year End As the end of the year approaches, it can be confusing to decide what information you need to get together and send to your accountant. We…
On January 25, the Better Business Bureau issued a warning about a new email phishing scam that targets the users of Intuit’s QuickBooks accounting software programs. The scam email contains…
Can you believe it is September already? As we head towards the fourth quarter, it’s time to start thinking about the upcoming deadlines remaining this year. There are tax deadlines coming up, and…
The new overtime regulations for full-time workers have passed. Employers will now be required to pay time and a half for overtime if a full-time worker makes less than $47,476…
A common question we deal with is when to capitalize and depreciate assets rather than expensing them. It is often advantageous for a client to be able to expense smaller…
The $680 billion tax extender bill has passed. It seems that every December, taxpayers and business owners are anticipating the tax extender bill nearly as much as the holidays. The…
The Federal Labor Department has offered some new guidance on the difference between contractors and employees. The Labor Department has authority to do so under the Fair Labor Standards Act,…
Late this morning, the NYSE shut down due to an IT malfunction. The SEC, FBI, the Treasury Department, and the White House have released statements indicating that this was not…
We have received the SCOTUS ruling on the Obamacare subsidies. The Supreme Court handed down a 6-3 ruling in favor of the Affordable Care Act in the King v. Burwell…
