Take another look at telecommuting

Take another look at telecommuting

These days, everyone seems to be working remotely from their home offices. If your organization hasn’t yet turned to telecommuting, or offers it only on a limited basis — for example, one day a week — you might want to take another look at the option. Why offer the...

read more

Upcoming Changes to Revenue Recognition for Nonprofits

Revenue recognition for Nonprofits could change drastically. Several changes have been put into place for nonprofits following generally accepted accounting principles (GAAP). Due to the complexity of upcoming changes, we’ve created a handy summary of these changes,...

read more

Partnership Representative Designation

The Bipartisan Budget Act of 2015 (BBA) established a centralized partnership audit regime. https://www.mcdonaldjacobs.com/wp-content/uploads/2019/02/Partnership-Representative-Designation.pdf

read more

S Corporation Year End Letter 2018

As an S Corporation, the below year-end housekeeping items should be considered and are recommended. Link: https://www.mcdonaldjacobs.com/wp-content/uploads/2018/12/S-Corporation-Year-End-Letter-2018.pdf

read more

2018 MEALS & ENTERTAINMENT UPDATE

The IRS has recently released guidance significantly changing the meals and entertainment deductions, creating separate rules for each category. Link: Entertainment & Meals Updates - White Papers

read more

Who needs an estate plan?

Who needs an estate plan? Quick answer: Everyone Despite what you might think, estate planning isn’t limited to only the rich and famous. In fact, your family is likely to benefit from a comprehensive plan that divides your wealth, protects your well-being and...

read more

IRS Regulations Regarding Service Businesses

Pass-Through Businesses The Tax Cuts and Jobs Act allows a temporary deduction in an amount equal to 20 percent of qualified income of pass‐through entities, subject to a number of limitations and qualifications. 199A Specified Services in chart format

read more