Could the Affordable Care Act Cost You Millions?
The IRS is informing more and more employers that they are facing Affordable Care Act penalties for failing to meet the employer mandate. Planning and
Some Tax-Advantaged Personal Property Exchanges No Longer Available After Tax Reform
Although the Tax Cuts and Jobs Act (TCJA) was written into law more than a year ago, it continues to play a strong role in
Accounting for Financial Instruments: New Requirements
The Financial Accounting Standards Board (FASB) has made a significant change to accounting standards related to accounting for financial instruments. Accounting Standards Update 2016-01 (ASU
Required Minimum Distributions: Savings through Charitable Contributions
Required Minimum Distributions (RMDs) If you are a taxpayer over the age of 70½ years old, you are required to take distributions from your qualified
Meals and Entertainment Expenses After Tax Reform
The 2017 Tax Cuts and Jobs Act (TCJA) made several changes to the tax deductibility of meal and entertainment (M&E) expenses. In an effort to
Sales Tax Changes to Affect Louisiana Retailers and Purchasers Alike
As part of a larger budget deal, new Louisiana sales tax laws were approved by lawmakers late last week. The Louisiana state-wide sales tax rate
Donor-Advised Funds: Are They the Right Tool for Making Your Charitable Donations?
On December 22, 2017, the Tax Cuts and Jobs Act of 2017 1 (the Tax Act or TCJA) was enacted. With a goal of simplifying
How the Look-Back Interest Calculation Can Impact Taxes Due on a Long-Term Construction Project
Estimating job costs is becoming increasingly difficult for construction contracts. Competitive bidding practices, rising labor and material costs, delays in obtaining permits, trade agreement restrictions
Getting Ready for Social Security Part 2: Other Factors Affecting Your Decision
In our last social security blog, we covered the impact of your age at retirement on your benefits. Among the many factors that you
Getting Ready for Social Security Part 1: Retirement Age Considerations
Making personal decisions about when you begin collecting Social Security benefits is full of what-ifs, many of which won’t be known until long after your
Deducting or Amortizing Start-up Costs and Organizational Costs
Starting a new business venture can be exciting. Whether you are forming your first company or expanding into a new area, it is important to
Oil and Gas Companies Can Benefit from the R&D Tax Credit
Just like many other businesses, oil and gas companies frequently overlook taking the Research & Development (R&D) tax credit. Across all industries, less than 33%