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The IRS has issued final regulations on determining allowable deductions based on qualified business income (QBI) from pass-through entities. This break is available only through 2025, unless it’s extended by future legislation. The QBI deduction was originally designed to achieve greater tax parity for pass-through business entities and C corporations, which are now…

The IRS recently issued guidance on the new deduction for up to 20% of qualified business income (QBI) from pass-through entities under the Tax Cuts and Jobs Act (TCJA). It aims to clarify when the QBI deduction is available for income from rental real estate enterprises. The QBI deduction is allowed only for income…

The following table provides some important federal tax information for 2019, as compared with 2018. Many of the dollar amounts are unchanged and some changed only slightly due to inflation.

Have you ever kept a New Year’s resolution for the entire year? Every January, millions of Americans make promises to eat less, exercise more and save for the future. But most resolutions are forgotten by spring. However, there are ten promises that relate to your financial health that you can’t afford to abandon.

Today’s real estate market holds win-win opportunities for both private equity and closely held property owners. As with any business arrangement, however, successful partnering requires that both types of entities understand the nuances of their agreement up front. Here’s what to keep in mind to ensure a mutually profitable outcome.

The IRS Has Released the New IRS Publication 509, “Tax Calendars for Use in 2019” The publication includes an “Employer’s Tax Calendar” with deadlines for federal income tax withholding, Social Security and Medicare taxes (FICA taxes), and federal unemployment (FUTA) tax. The calendar lists due dates for filing returns and for making deposits of the…

The IRS has announced the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.

With two weeks to go until the New Year, now is the time for businesses and individuals to reach for low-hanging fruit in end-of-year tax planning. While the new tax law reduced the corporate tax rate from 35 to 21 percent, many small- and mid-size businesses still benefit from pass-through entity status. The tax ramifications…

With slowly rising interest rates, many middle-market businesses are reevaluating their borrowing options. Before closing the deal, it’s important to fully understand the differences between traditional and alternative funding sources. Here’s a look at each. Alternative Lending While the market is still strong, many businesses are considering selling before valuations dip. For prospective buyers, nontraditional…

With the holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards.