The UK is the fifth largest economy in the world, and its stated goal is to be business friendly from a tax perspective. Join two international tax experts to learn about some of the tax implications of expanding to the... Read More
The European Union’s (EU’s) General Data Privacy Regulation (GDPR) was a dramatic update of privacy laws designed to protect citizens of the EU. While GDPR made headlines because of its substantial penalties, U.S. companies without European operations may have felt... Read More
Are your state tax refunds taxable by the IRS? It’s complicated… The $10,000 limit on deduction of state and local taxes (SALT) has been controversial since its enactment as part of the Tax Cuts and Jobs Act (TCJA). The IRS... Read More
The IRS has finalized regulations that impose penalties for failing to disclose what the IRS considers to be suspect tax avoidance transactions. Both individuals and entities are required to make disclosures of so-called “reportable transactions”, including “listed transactions”, which essentially... Read More
Join us as Sabrina Serafin speaks with Jodi Daniels of Red Clover Advisors about the California Consumer Privacy Act, a new privacy law in the United States that resembles the EU’s GDPR. Learn about this sweeping new regulation and how... Read More
Despite Upbeat Messaging, IRS “Inundated” with Overdue Tasks from Government Shutdown “The IRS has reopened following the end of the government shutdown, and IRS employees are working hard to resume normal operations and help taxpayers as much as possible.” “IRS... Read More
Passthrough Deduction Clarifications Tackle W-2 Calculation, Aggregation Despite the 35-day government shutdown, the IRS was able to finalize regulations issued last Summer on the Sec. 199A passthrough deduction for qualified business income (QBI). Along with the final rules, the IRS... Read More
Want to deduct a business meal? Get a separate receipt. The repeal of the deduction for business entertainment expenses was a culture shift in the tax code that was not immediately apparent. After the passage of the law in December... Read More
Only one change was made in the “kiddie tax” under the Tax Cuts and Jobs Act, but it could be significant. Children will no longer be taxed on unearned income at the parents’ tax rate (the “kiddie tax” rule). Instead,... Read More
For many years the Research & Development (R&D) tax credit was constantly at risk, making it hard for companies to plan their future R&D activities to take advantage of this powerful tax inventive. Tax law changes since 2016 have not... Read More
