X
X

Find Your Specialist

X

Contact Us

Tax

IRS Provides Simplified Accounting Rules for Small Businesses

September 8, 2020

New proposed regulations explain how small businesses can use the simplified accounting rules enacted by the TCJA. The 2017 law simplifies the application of the method of accounting rules for businesses (other than tax shelters) with average annual gross receipts... Read More

IRS Alert: Guidance on Business Interest Expense Limit

September 8, 2020

After the original proposed regulations were greeted with 120 comments from practitioners, the IRS has now issued final regulations on the Sec. 163(j) limit on the business interest deduction. The regulations provide guidance to taxpayers on: how to calculate the... Read More

taxpayers

Executive Order on Employee Payroll Deferral May Be Optional for Employers

August 25, 2020

Updated 09/04/2020 On August 8, President Trump signed a memorandum ordering Treasury Secretary Steven Mnuchin to defer the employee’s portion of payroll tax withholding from September 1, 2020 until December 31, 2020. The deferral is for the employee’s 6.2% portion... Read More

Untangling the Technical: Summer of 2020 Tax Topics

August 17, 2020

Although 2020 has proven to be an abnormal year, our tax experts want to remind individuals about some important tax and estate planning topics. Adelle Starr interviews Terri Lawson and LeighAnn Costley, both Tax Partners at Frazier & Deeter. In... Read More

Serving the Cannabis Industry: How Far Does IRS 280E Extend?

August 17, 2020

As cannabis has been legalized in state after state the industry has attracted entrepreneurs, becoming a rapid-growth industry with unique challenges. This situation has set the stage for an interesting debate among companies that typically serve clients in the consumer... Read More

Loan Out Corporations: What are they and how do entertainment professionals use them?

August 13, 2020

By: Eddie Bradford, Jr., CPA, CGMA The U.S. tax landscape is constantly changing and many entertainment professionals are trying to find creative ways to legally minimize their tax liability. While the average taxpayer has very modest unreimbursed business expenses, entertainers... Read More

New Regulations for Net Operating Losses (NOLs) Help Consolidated Groups

August 7, 2020

New proposed and temporary regulations issued by the IRS explain the computation of net operating losses (NOLs) and give more flexibility to consolidated groups in determining the treatment of NOLs. The new temporary regulations make it possible for consolidated groups... Read More

Audits Will Be Required for Georgia Entertainment Industry Tax Credit

August 6, 2020

Georgia’s very popular film and TV tax credit has been modified in response to an audit that revealed inconsistent procedures in Georgia Department of Revenue (DOR) audits of tax credits. The new bill, which was signed into law on Tuesday... Read More

Final Regulations Address RIC Shareholders, Suspended Losses

July 29, 2020

The IRS has resolved some of the issues left open under proposed passthrough deduction regulations issued last year. Final regulations under Sec. 199A provide guidance on the treatment of previously suspended losses included in qualified business income (QBI) and on... Read More

Apple’s EU Court Decision Illustrates the Importance of Transfer Pricing

July 21, 2020

Transfer Pricing is in the spotlight again this week with the news of a win for Apple and the Irish Government in the State Aid case brought by the European Commission. With billions of Euros at stake, it is no... Read More

Privacy Overview

When you use or access the Site, we use cookies, device identifiers, and similar technologies such as pixels, web beacons, and local storage to collect information about how you use the Site. We process the information collected through such technologies, which may include Personal Information, to help operate certain features of the Site (e.g., to prevent online poll participants from voting more than once), to enhance your experience through personalization, and to help us better understand the features of the Site that you and other users are most interested in.

You can enable or disable our use of cookies per category.
Necessary
Always Enabled

Essential cookies enable you to navigate our Site and use certain features, such as accessing secure areas of our Site and using other features of our service that require us to keep track of certain information as you navigate from page to page. Although some of these cookies are “required” to enable certain functionality, you can disable them in the browser, but doing so will limit your ability to use the features supported by such cookies.

Functionality

Functionality cookies are cookies that support features of the Site, such as remembering your preferences.

Performance

These cookies collect information about how you use our Site, including which pages you go to most often and if they receive error messages from certain pages. These cookies are only used to improve how our Site functions and performs.

Tracking or Targeting

From time-to-time, we may engage third parties that track individuals who visit our Site. These third parties may track your use of the Site for purposes of providing us with certain marketing automation features (to help us improve our outreach to current and prospective clients) and providing you with targeted advertisements.