The Tax Cuts and Jobs Act created a federal tax credit for employers that provide qualified paid family and medical leave to employees. However, it’s subject to numerous rules and is only available for the 2018 and 2019 tax years….
The Tax Cuts and Jobs Act created a federal tax credit for employers that provide qualified paid family and medical leave to employees. However, it’s subject to numerous rules and is only available for the 2018 and 2019 tax years….
Did you make large gifts to your heirs in 2018? If so, it’s important to determine whether you’re required to file a gift tax return by April 15 (Oct. 15 if you file for an extension). Generally, you’ll need to…
Did you make large gifts to your heirs in 2018? If so, it’s important to determine whether you’re required to file a gift tax return by April 15 (Oct. 15 if you file for an extension). Generally, you’ll need to…
If you own a business and don’t have a tax-advantaged retirement plan, it’s not too late to establish one and reduce your 2018 tax bill. A Simplified Employee Pension (SEP) can be set up for 2018 as long as you…
Recent changes to tax law and accounting rules may affect whether you decide to lease or buy equipment or other fixed assets. Many businesses that have typically leased assets are now buying them instead. Lease payments generally are deductible, but…
It’s not just businesses that can deduct vehicle-related expenses. Individuals also can deduct them in certain circumstances. But the TCJA might reduce your deduction compared to your 2017 return. For 2017, miles driven for business, moving, medical and charitable purposes…
In 2018, the average organizational cost of a data breach in the United States was $7.91 million. With so much at stake, it’s no surprise that auditors consider data security when conducting their audit risk assessments. During audit fieldwork, expect…
Pass-through entity owners: Beware the Ides of March. Shakespeare’s words don’t apply just to Julius Caesar; they also apply to calendar-year partnerships, S corporations and limited liability companies treated as partnerships or S corporations for tax purposes. Why? The Ides…
Incentive stock options (ISOs) allow you to buy your employer’s stock in the future at a fixed price equal to or greater than the stock’s fair market value on the ISO grant date. If the stock appreciates, you can buy…
Existing accounting rules call for different treatment of stock-based compensation paid to employees vs. nonemployees. The dual standards were recently aligned, however. Under the updated guidance, share-based payments made to employees, contractors and consultants all will be recognized in the…