Archive for May, 2017

The Tax Consequences of Reimbursed and Unreimbursed Employee Expenses: What Employers and Employees Need to Know

Employees are typically reimbursed for business expenses that are ordinary and necessary. Generally, ordinary expenses are considered as common in […]


Can You Benefit from a Casualty Loss Tax Deduction on Personal-Use Property?

The Gulf Coast has been hit with its fair share of natural disasters in recent years. Hurricanes, tornadoes, and floods […]


Taking Advantage of PATH Act Changes in the Oil and Gas Industry

The “Protecting Americans from Tax Hikes (PATH) Act of 2015” has impacted businesses across the country – including oil and […]


How will the new lease accounting standard affect your business?

For fiscal periods beginning after December 15, 2018, businesses will have to start reporting leases differently on their balance sheets. […]


A First Look at President Trump’s Proposed Tax Plan

On April 26, 2017, the Trump administration presented an outline of the president’s proposed broad goals of tax reform and […]


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