Tax Cuts & Jobs Act
2018
|
10.23
AAFCPAs Releases 2018-2019 Tax Planning Guide for Businesses & Individuals
Although you cannot avoid taxes, you can take steps to minimize them. This requires proactive tax planning, including estimating your tax liability, looking for ways to reduce it, and taking timely action. In 2018, tax planning is more complicated than usual. Most provisions of the massive Tax Cuts and Jobs Act (TCJA) go into effect this year, and as a result we may need to change some of your tax... continue reading
2018
|
10.22
AAFCPAs’ 2018 Year-End Tax Planning for Privately-Held Companies (Part 1) Webinar Now Available OnDemand
AAFCPAs’ 2018 Year-End Tax Planning for Privately-Held Companies (Part 1) Webinar, presented live on Wednesday, October 17th, is now available 24/7 via our website.
2018
|
10.18
AAFCPAs Outlines State Applicability, IRS Guidance Related to TCJA that Nonprofits Need to Know
AAFCPAs would like to make Tax Exempt Organizations aware of state by state applicability and recent IRS guidance on the Tax Cuts and Jobs Act, known officially as H.R. 1, (the “TCJA”) and how it pertains to charitable nonprofits. AAFCPAs has outlined the following applicability and guidance that are especially noteworthy: State by state applicability of TCJA changes to nonprofits As outlined in an earlier post, the TCJA enacted widespread... continue reading
2018
|
10.10
AAFCPAs’ Tax Practice to Present TCJA “Issues Identification” Session at CMFEO Executive Breakfast
AAFCPAs Tax Practice Leaders Richard Weiner, CPA, MST, Julie Chevalier, CPA, and Joshua England, JD, LLM will present a Tax Cuts and Jobs Act educational workshop on October 16th, for the benefit of The Central Massachusetts Financial Executives Organization (CMFEO). For privately-held companies, the TCJA impacts your financial statements, operating model, liquidity, investments and capital, and people. In this educational session, Rich, Julie and Josh will reveal some of the most significant TCJA changes... continue reading
2018
|
10.05
IRS Issues Tax Guidance on TCJA Changes on Business Expense Deductions for Meals, Entertainment
AAFCPAs would like to make clients aware that on October 3rd, 2018, the Internal Revenue Service (IRS) issued guidance on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA). The 2017 TCJA eliminated the deduction for any expenses related to activities generally considered entertainment, amusement or recreation. Taxpayers may continue to deduct 50% of the cost of business meals if... continue reading
2018
|
10.01
Webinar: 2018 Year-End Tax Planning for Individuals & Families
Information continues to emerge as a result of the monumental Tax Cuts & Jobs Act. For privately-held companies, the TCJA impacts your financial statements, operating model, liquidity, investments and capital, and people. For individuals, the TCJA impacts personal withholdings, charitable giving, family & education, retirement, and estate planning. AAFCPAs is pleased to offer a timely, 3-Part Webinar Series featuring some of the most significant TCJA changes and their potential impact... continue reading
2018
|
10.01
Webinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 2)
Information continues to emerge as a result of the monumental Tax Cuts & Jobs Act. For privately-held companies, the TCJA impacts your financial statements, operating model, liquidity, investments and capital, and people. For individuals, the TCJA impacts personal withholdings, charitable giving, family & education, retirement, and estate planning. AAFCPAs is pleased to offer a timely, 3-Part Webinar Series featuring some of the most significant TCJA changes and their potential impact... continue reading
2018
|
10.01
Webinar: 2018 Year-End Tax Planning for Privately-Held Companies (Part 1)
Information continues to emerge as a result of the monumental Tax Cuts & Jobs Act. For privately-held companies, the TCJA impacts your financial statements, operating model, liquidity, investments and capital, and people. For individuals, the TCJA impacts personal withholdings, charitable giving, family & education, retirement, and estate planning. AAFCPAs is pleased to offer a timely, 3-Part Webinar Series featuring some of the most significant TCJA changes and their potential impact... continue reading
2018
|
09.27
IRS Issues Proposed Regulations on Charitable Contributions and State and Local Tax Credits
The IRS recently released proposed regulations addressing the state and local itemized tax deduction, available to individual taxpayers on their Federal tax returns. The regulations also apply to trusts and decendents’ estates. Under the Tax Cuts and Jobs Act, the state and local tax deduction (consisting primarily of income, real estate and other property, and certain sales taxes) is capped at $10,000 annually, beginning in 2018. Several states have implemented... continue reading
2018
|
09.19
AAFCPAs’ Richard Weiner and Daniel Cahill to Co-Present Tax Act Briefing: Choice of Entity After the TCJA
AAFCPAs’ Tax Partner Richard Weiner, CPA, MST, Tax Manager Daniel Cahill, CPA, and Joseph B. Darby III, a Partner in Sullivan & Worcester’s Boston office, will present an educational briefing on September 26th from 4:00pm-5:45pm on the topic of Choice of Entity After the 2017 Tax Act: The Popular Passion for Pass-Through Entities May Be Kaput. The Tax Act introduced major changes to the U.S. federal income taxation of business... continue reading