Multi-State Update for Business Clients

Multi-State Update for Business Clients

The landscape of state taxation is continually changing and we wanted to update you on a couple of matters. Many service businesses believe that since they have just one office and because that office is in Oregon, all of their income is therefore considered “Oregon...

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

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...
The Tax Cuts and Jobs Act – June 2018 Update

The Tax Cuts and Jobs Act – June 2018 Update

The Tax Cuts and Jobs Act was passed in December with many unanswered questions and ambiguities. You are likely to hear from us from time to time to give you updates when more guidance has been provided. The American Institute of CPAs as well as the head of the Ways...
Not-For-Profit Financial Reporting Changes

Not-For-Profit Financial Reporting Changes

Financial reporting for not‐for‐profit organizations has not changed significantly in many years. Financial statements will change for all not‐for‐profit organizations and will include some changes in presentation and enhanced disclosures. The new standard is...