2018 Tax Depreciation Changes
Even before the new tax Act was passed in late 2017, depreciation in the Federal Tax Code had undergone a number of changes. Before the turn of the century, after making an improvement to a [...]
15
10, 2018
28
09, 2018
Moving Expenses & Other Benefits Under the 2018 Federal Tax Code
The Tax Cuts and Jobs Act included a number of changes to the previous tax code, particularly in relation to employee benefits. Beginning January 1, 2018, several changes in the taxability and deductibility of employee [...]
25
06, 2018
2018 Tax Planning: Section 199A Deduction of Qualified Business Income of Pass-Through Entities
Signed into law on December 22, 2017, the sweeping tax reform enacted by President Donald Trump includes a number of provisions of particular interest to businesses. In particular, Section 199A Deduction for Qualified Business Income [...]
28
03, 2018
Sousa & Weber #69 on LABJ Top 100 Accounting Firms List
Sousa & Weber #69 on LABJ Top 100 Accounting Firms List In its February 12th, 2018 issue, the Los Angeles Business Journal named Sousa & Weber as one of the top 100 accounting firms in [...]
15
03, 2018
Deductibility of Entertainment Expenses Under Tax Reform
Deductibility of Entertainment Expenses Under Tax Reform The new Tax Reform Act enacted under President Donald Trump makes significant changes to the rules and limitations to the deductibility of entertainment and meal expenses for businesses. [...]
19
01, 2018
Tax Reform!
Tax Reform By now you have been inundated with media hype about the biggest tax reform law in over 30 years. When you file your individual 2018 tax returns — about a year from now [...]
28
11, 2017
FAQ from Clients: What is the Death Tax
Although it may sound ominous, the so-called “death tax” is not as unsettling as it might seem. The Tax Cuts and Jobs Act currently making its way through Congress includes a phase-out of the death [...]
19
09, 2017
Why Use a Payroll Company?
Managing your own money is hard enough --- managing other people’s money on top of that may well turn into a giant headache. Handling the details and regulatory compliance issues associated with payroll can be [...]
22
08, 2017
FTB & IRS Installment Payment Agreements
Life is unpredictable, and sometimes there’s just not enough money to cover all your living expenses, including your income tax liabilities. Though government agencies are not exactly known for being understanding, if you’re in a [...]
14
07, 2017
Offers in Compromise – an Option to Reduce Your Tax Liability
When you think of the Internal Revenue Service (IRS) do you consider it an inflexible agency with a “do whatever it takes to collect all monies that are due” attitude? Most people do. And while [...]