As you may have heard, the Federal Government partially shut down on December 22, 2018 due to a budget impasse between the current administration and Congress. This shutdown includes the Internal Revenue Service (IRS).
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Among the many changes brought on by last year’s Tax Cuts and Jobs Act, one potentially beneficial update from the law is the new Employer Credit for Paid Family and Medical Leave. This completely new credit is currently available for the 2018 and 2019 tax years. Employers may be eligible for a credit ranging from 12.5% to 25% of wages paid to employees taking protected leave provided for in the Family and Medical Leave Act.
In the landmark decision of South Dakota v. Wayfair, Inc., the U.S. Supreme Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number of transactions with the state exceed certain thresholds.
On August 8, the United States Department of Treasury and the IRS released the long-awaited and highly anticipated proposed regulations for IRC Code Section 199A, the statute governing the new 20 percent deduction on “qualifying business income” allowed to owners of “pass-through” entities.
In the landmark decision of South Dakota v. Wayfair, Inc., the US Supreme Court overturned the Quill physical presence standard, deeming it “unsound and incorrect.” In turn, the Court upheld South Dakota’s economic nexus law, which requires companies to collect sales tax when their sales or the number of transactions with the state exceed certain thresholds.
In the everchanging world of marketing and advertising, social media and grassroots campaigns have rapidly taken over a larger share of the marketing and advertising budgets of companies both big and small. Learn how to approach taxes as a blogger in our article.
Bennett Thrasher and others have received reports of a new scam that involves fraudulent tax refunds being deposited by scammers into taxpayers’ bank accounts.
Georgia has just enacted major income tax changes in response to the federal Tax Cuts and Job Act of 2017 (“TCJA”). Governor Nathan Deal signed the legislation into law on March 2, 2018.
It is no secret that healthcare regulatory compliance is front and center in the eyes of the United States Department of Justice (DOJ), the Department of Health and Human Services – Office of Inspector General (OIG) and the Centers for Medicare and Medicaid Services (CMS).
It is imperative that an investor comprehend the deductibility of interest paid on portfolio loans before taking action in any investment opportunity. Investors who do not fully understand the tax law could potentially create a tax bill substantially higher than expected. Interest expense from portfolio loans raise many questions in this area.
