Service: Tax

Offering extensive tax expertise to both businesses and individuals.

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.

Qualified Opportunity Zones Tax Benefits for Real Estate

Real Estate Investors have an opportunity for temporary and permanent tax deferral with Qualified Opportunity Zones. QOZs may allow real estate investors to leverage more of their dollars in a tax advantageous investment.

US Tax Reform – Summary of the Tax Cuts and Jobs Act

The final bill for US tax reform, titled Tax Cuts and Job Acts (TCJA), was agreed upon by the congressional committee. It was approved by the House and Senate on Dec. 20, 2017 and signed by the President on Dec. 22.