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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
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 [...]
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 [...]
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 [...]
The three letters “IRS” often strike fear and dread into the minds of taxpayers. IRS inquiries can come at any time, and for a number of reasons. This article aims to answer your questions about [...]
This probably isn’t news, but 2016 individual income taxes were due on April 18, 2017. If you didn’t pay your taxes - file your return and submit payment or file an extension - you might be [...]
