To maintain the incentive for individuals to own and operate a pass-through entity, the Act introduced the new Section 199A Qualified Business Income Deduction.
Category: Tax
Tennessee Economic Threshold Rules for Sales and Use Tax Will Begin October 1, 2019
Last week, the Tennessee Department of Revenue made a significant… Read more »
4 Steps to Create an Organizational System for Important Documents
Creating an organizational system for important documents will help the… Read more »
State Income Taxes for the Investor – One Size Does Not Fit All
Do you know the state income tax implications of the… Read more »
Revenue Recognition Standards 101
Revenue recognition accounting standards drastically changed for middle market nonpublic businesses, effective January 1, 2019, for those with a calendar year-end. What do we need to do to comply with these changes, and how do we get there? Read the article to find out.
Irrevocable Life Insurance Trusts: Administration Checklist
An Irrevocable Life Insurance Trust (“ILIT”) is a trust that can be used to minimize estate taxes by moving the proceeds of life insurance policies outside of your taxable estate. This article provides a general overview of ILIT funding and administration requirements.
Sexual Harassment and Abuse Settlements Not Tax Deductible with NDA
Two sentences in the 2017 Tax Cuts and Jobs Act could have significant ramifications for healthcare employers when it comes to workplace sexual harassment and sexual abuse settlements.
Accountable Plans Can Save You Taxes
This article discusses the basics of accountable plans. What are the requirements? What are the alternatives? How do you set up an accountable plan? Read this article for Accountable Plans 101.
Healthcare and the R&D Tax Credit Go Hand-In-Hand
Due to the high-volume of innovation and disruption in the healthcare industry, R&D tax credit opportunities may arise when least expected.
Ancillary Providers May Still Qualify for QBI Deduction
The Treasury Department recently released proposed regulations related to the Qualified Business Income (QBI) deduction. Good news, many ancillary services still qualify.