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.
Service: Federal Business Tax
We will work closely with you to understand your federal business tax issues and strategies necessary to meet your business goals.
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.
Guide Contents: When is the new standard effective? What does… Read more »
LBMC’s 2018-2019 Tax Planning Guide provides an overview of the most consequential changes under the TCJA and other key tax provisions taxpayers need to know. Download today!
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.
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.
TCJA allows 100 percent expensing of short-lived capital investments for 5 years, then a 20-percent phase-down schedule over the subsequent five. Learn more.