The first Friday in October was National Manufacturing Day and… Read more »
The Tax Cuts and Jobs Act (TCJA) contains a provision that ties revenue recognition for book purposes to income reporting for tax purposes, for tax years starting in 2018.
The TCJA created a new limitation that disallows a deduction for net interest expense that exceeds 30 percent of ATI for businesses with average annual gross receipts more than $25 million.
The taxation of passthrough income was among the many areas… Read more »
The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.
The TCJA created a significant change for research expenditures defined under section 174, which are expenditures that represent a research and development cost in the experimental or laboratory sense.
The TCJA didn’t eliminate like-kind exchanges; however, it did eliminate tax-deferred like-kind exchange treatment for exchanges of personal property after December 31, 2017.
As we have seen the real estate market fluctuate over… Read more »
Accounting standards update (“ASU”) No. 2016-14 changed how not-for-profits communicate… Read more »
Cost segregation studies can fit into a few different categories. For the purposes of this article, we will focus on acquired property, new construction and building renovations.