Businesses of all sizes, across all industries, have been impacted by the monumental changes to the federal tax code. To maximize tax savings and ensure compliance with the new rules, businesses need to engage in year-end planning conversations now.
Nearly one year later, tax reform is still making headlines and we continue to learn more about its broad implications.
From lowered income tax rates and doubled standard deductions, to caps on mortgage interest and state and local deductions, Americans may feel a significant impact as a result of the new tax law. Here are the top 10 things individual taxpayers need to know.
For construction businesses organized as C corporations, the most significant changes are the reduction in the corporate tax rate, the 100-percent bonus depreciation deduction, the elimination of the corporate AMT, modifications of rules for use of certain accounting methods, and the limitations on interest expense deductions.
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Partner Bret Clark joined a panel of other area experts to discuss the business of startups.
On Friday, December 22, President Trump signed sweeping tax reform (the “Act”) into law. The Act provides the most comprehensive update to the tax code since 1986 and includes a number of provisions of particular interest to partnerships and their partners. This alert addresses the Section 199A deduction for qualified business income of pass-through entities.
Beginning on Jan. 1, 2018, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be increasing. Read more to stay up to date on all 2018 rates!
As you prepare for tax day, remember that the following are also due on April 18, 2017.As you prepare for tax day, remember that the following are also due on April 18, 2017.
According to the IRS, nearly one million taxpayers who failed to file a return for 2013 are in danger of losing refunds.