INSIGHT

Tax Reform and 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 [...]

By | 2018-06-26T00:37:43+00:00 June 25th, 2018|Tax and Auditing|Comments Off on Tax Reform and Section 199A Deduction of Qualified Business Income of Pass-Through Entities

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 [...]

By | 2018-03-28T21:23:53+00:00 March 28th, 2018|Tax and Auditing|Comments Off on Sousa & Weber #69 on LABJ Top 100 Accounting Firms List

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. [...]

By | 2018-03-15T21:50:41+00:00 March 15th, 2018|Corporate Tax, Small Business, Tax and Auditing|Comments Off on Deductibility of Entertainment Expenses Under Tax Reform

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 [...]

By | 2017-11-28T00:52:52+00:00 November 28th, 2017|Corporate Tax, Individual Income Taxes|Comments Off on FAQ from Clients: What is the Death Tax

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 [...]

By | 2017-11-28T23:01:24+00:00 August 22nd, 2017|Tax and Auditing|Comments Off on FTB & IRS Installment Payment Agreements

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 [...]

By | 2017-11-28T23:01:10+00:00 July 14th, 2017|Tax and Auditing|Comments Off on Offers in Compromise – an Option to Reduce Your Tax Liability