Newsletter

Opportunity Lies within Opportunity Zones

An Opportunity Zone is an economically-distressed community where new investments, under certain conditions, may be eligible for preferential tax treatment. They are an economic development tool designed to spur economic development and job creation. Opportunity Zones provide tax

November 6, 2018

IRS Guidelines on the Deductibility of Meals Purchased in an Entertainment Context

The IRS has provided new guidance on the deductibility of expenses for business meals that are purchased in an entertainment context. A deduction is allowed for ordinary and necessary expenses paid or incurred in carrying on any trade

November 6, 2018

It’s Not a Trick… It’s a Treat!

The 529 plan, as we know it, has been improved!  Distributions (including earnings) from these tax-advantaged accounts are not included in gross income provided such distributions do not exceed the beneficiary’s qualified higher education expenses (QHEEs).  So

November 6, 2018

Prepare for Year-End – Bookkeeping Checklist

As we get closer and closer to year-end, most businesses will begin to think about taxes. Now is the time to get everything in order and prepare for tax planning. By being proactive, you can get a

November 6, 2018

New Employer Tax Credit Available for Paid Family and Medical Leave

The IRS has issued guidance on a new business tax credit for tax years 2018 and 2019 for eligible employers who provide family and medical leave to their employees.  The credit is a percentage of the wages

October 2, 2018