TAX 2020 Year-End Tax Planning For Individuals & Pandemic Tax Changes Lucy Luo, CPA 1 December 2020 Year-end planning for 2020 takes place during the COVID-19 pandemic. Several tax provisions were enacted to help individuals deal with this pandemic and its...
TAX Are PPP Expenses Deductible? No, But… Ryan McDonell Tax Manager, CPA 30 November 2020 The Paycheck Protection Program (PPP) was implemented as part of the CARES Act back in March of 2020 when uncertainty around COVID-19 was ramping up. PPP provided borrowers with...
TAX QIP Fix: Not the Correction We Deserved, But the Correction We Needed Mathew Feuerbach Supervisor, CPA 30 November 2020 It took a pandemic to get a fix, but we finally have a 15-year depreciation life for Qualified Improvement Property (QIP). QIP generally...
TAX How Business Owners May Be Able to Reduce Tax by Using an S Corporation 25 February 2020 Do you conduct your business as a sole proprietorship or as a wholly-owned limited liability company (LLC)? If so, you’re subject to both income tax and self-employment tax....
TAX Repeal of Parking UBTI Ryan J. McDonell, CPA 7 January 2020 The Tax Cuts and Jobs Act tax reform in 2017 added (to the dismay of many) IRC section 512(a)(7) which effectively created unrelated business taxable income (UBTI) for the expenses of providing qualified...
TAX Year-end Navigation for Individual Tax 2019 17 December 2019 Lucy Luo, CPA Tax reform significantly altered the U.S. taxation system for the 2018 tax year. We have completed our initial pass through the maze and now it’s time to navigate the tax issues for the...
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