This is the eighth installment of our monthly tax blog on the Tax Cuts and Jobs Act. Over the last seven months we, at Isler CPA, have been sharing with you selected sections of the new tax law and the impact it may have on your personal and business tax returns. In order to make…
Many S-Corp owners don’t realize it but as small-business owners they have more options to save on healthcare costs than any other group of Americans. For example, in order to get the HSA deduction in 2018, you needed to have a high deductible health insurance plan in place by December 15, 2017. You should at…
The 2018 tax year will mark the first year subject to the changes in effect from the Tax Cuts and Jobs Act (TCJA). We have compiled a list of potential planning strategies that may benefit your business. We have placed a special emphasis on strategies connected to changes from the TCJA. We encourage you to…
This is the seventh installment of our monthly tax blog on the Tax Cuts and Jobs Act. In our third installment we provided an overview of the deduction. The fifth installment provided more detail for deductions on rental property income. If you are a business owner, you have likely heard about QBI and wondered, “Will…
This is our fifth installment of our monthly tax blog about the Tax Cuts and Jobs Act. This blog will revisit a topic discussed in our third installment, however this blog post will focus on how the Qualified Business Deduction affects specifically rental properties. General Overview of Qualified Business Income Deduction The Qualified Business Income…
This is the third installment of our monthly tax blog about the Tax Cuts and Jobs Act. In our two previous posts, we discussed changes to individual tax rates, exemptions, the standard deduction, and itemized deductions. In this post, we will conduct an overview of the Section 199A deduction, which is also known as the…
The U.S. Supreme Court has issued its highly anticipated decision in South Dakota v. Wayfair, overruling Quill’s decades old physical presence sales tax nexus standard. This decision will have significant implications for almost all industries, but especially consumer products (retailers) and industrial products. This case dealt with whether a state has the authority to require…
This is the second installment of our monthly tax blog around the new Tax Cuts and Jobs Act passed into law last December. In our first blog post, we discussed the changes in the tax rates for individuals as well as the changes in the exemptions and standard deductions. In this blog post, we will…
As tax professionals, like most of you, we are glad that April 15th has come and gone and another tax busy season is behind us. Now that 2017 is in the review mirror it is time to start planning for your taxes for 2018. The actions you take now can affect your taxes later. On…
Does your business help provide support for working families through a paid family and medical leave policy? If it does or you are considering adding such a policy, you should know that Congress has recently passed new tax incentives for employers who provide these benefits. The Tax Cuts and Jobs Act of 2017 created a…
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Eric Bell, CPA, MST
Partner
Joseph Lewis, CPA, JD
Partner
Glenn Munro, CPA
Partner
Mary J. Fipps, CPA
Estate & Trust Director