November Bulletin
In this month’s newsletter, we focus on key actions that can sharpen your finances as 2025 winds down.
tax changes
Staying on Top of Changes to the 20% QBI Deduction (199A) – One Year Later
How has the 20% QBI Deduction changed since it’s release last year? This deduction was a fundamental change to the tax code brought on by the TCJA, and just over a year later (thanks to a recent IRS FAQ), we have some additional clarity on how it affects taxpayers (and who gets left out in the dust).
Update: Aggregating Multiple Pass-Through Entities for the 20% QBI Deduction
Update: The IRS recently released guidance related to the 20% QBI deduction. In this article we dig into the concept of aggregation and what it means for owners of multiple related businesses.
November 2018 Client Bulletin
Our November client bulletin takes a look at tax planning for individuals and businesses under the new tax law, with a close look at changes to individual deductions.
Changes to Depreciation Rules Under the New Tax Law: Section 179 and Bonus Depreciation
The new tax law made changes to how you can depreciate the fixed assets purchased by your business. Here’s what you need to know about the changes to section 179 and bonus depreciation.
What’s With This 20% Deduction on Pass-Through Income and Will It Help Me?
The 20% Pass-Through Income Deduction introduced by the new tax law may help you to reduce your taxes, but it is fraught with limitations, phase-outs and criteria. Find out if your business qualifies for this new, and potentially lucrative, deduction.
Tax Reform Calls for Year-End Strategy
With the pending tax bill heading to completion, taxpayers should consider year-end strategies to make sure they are optimizing their tax situations in 2017 and beyond.