Tax Cuts and Job Acts

Alternative Minimum Tax — What’s It Like Today?

The Tax Cuts and Jobs Act made many changes to the individual tax law, including the alternative minimum tax. One of the goals of the new tax law was to reduce the impact of the AMT or even to [...]

By |2020-01-06T16:42:00-05:00December 5th, 2018|Categories: Blog, Small Business Services|Tags: , |0 Comments

A Fresh look at Percentage of Completion Accounting

How do you report revenue and expenses from long-term contracts? Some companies that were required to use the percentage of completion method (PCM) under prior tax law may qualify for an exception that was expanded by the Tax Cuts [...]

IRS Issues Guidance on Meal and Entertainment Deductions

The Internal Revenue Service has issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act. The 2017 TCJA eliminated the deduction for any expenses related to activities generally [...]

By |2020-01-06T18:06:14-05:00October 24th, 2018|Categories: Blog, Small Business Services, Tax|Tags: |0 Comments