The first Friday in October was National Manufacturing Day and… Read more »
Manufacturing: Careers, Technology and Tax Credits
Category: Tax
Revenue Recognition Rule Changes Under TCJA
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.
Limitation on Business Interest Expense Deduction under TCJA
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.
Section 199A Rental Real Estate Activity Safe Harbor
The taxation of passthrough income was among the many areas… Read more »
Taxes Play a Part in the Relief After Natural Disasters
The disruption and destruction caused by natural disasters to both individuals and businesses make tax relief necessary and helpful to the restoration process.
Research and Development Expenses/Credit Changes Under TCJA
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.
Section 1031 Like-Kind Exchanges under the TCJA
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.
Converting a Personal Residence to Rental Property
As we have seen the real estate market fluctuate over… Read more »
Three Financial Reporting Changes for Not-for-Profits
Accounting standards update (“ASU”) No. 2016-14 changed how not-for-profits communicate… Read more »
Cost Segregation Studies to Accelerate Depreciation Deductions
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.