Newsletter

Get Ready for the New Lease Accounting Guidance

Summary The FASB’s major accounting standard update (ASU) which will require the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases will be upon us sooner than we think.  This article

August 7, 2018

Revoking an S-Election

With the passage of tax reform, many taxpayers are evaluating the impact on their businesses and choice of entity type.  Some S-Corporations may find it more advantageous to be taxed as a C-Corporation, even after considering the

August 7, 2018

2018 Fringe Benefits – Changes most Businesses and Employees may Overlook

As we continue well into the second half of 2018, there is one issue that remains to be addressed with many clients I have worked with this year, fringe benefits. It is so easy to carry on work

August 7, 2018

Supreme Court 5-4 Decision: Internet Retailers Can Be Required To Collect Sales Tax

The Supreme Court ruled that South Dakota can require online retailers to collect sales tax, in the June 21st, 2018 decision of South Dakota v. Wayfair, Inc. Collecting sales tax on online purchases has been a controversial subject

July 10, 2018

Impact of the Tax Cuts and Jobs Act of 2017 on Acquisition and Home Equity Mortgage Interest Deductibility

With the passing of the Tax Cuts and Jobs Act, there were some important changes in the legislation which are both temporary in nature and effective through 2025 regarding mortgage interest. The first change relates to the limitation

July 10, 2018