fbpx

Thought Leadership

Want updates like these sent directly to your inbox?

Subscribe to Our Newsletter

LLC members & self-employment taxes

LLC Members & Self-Employment Taxes

When it comes to self-employment taxes, an LLC member is not necessarily in the same boat as a limited partner. The IRS is cracking down on LLC members who underreport their SE income by erroneously claiming they are similar to a limited partner of a Partnership. Facts and circumstances play a key role in making […]

Learn More
The #1 issue facing construction companies (still) (1)

The #1 Issue (Still) Facing Construction Companies

Workforce development continues to be a major issue facing the construction industry. The fact that it has remained a top issue for the past several years shows it is not going away, and solutions are slow to come. When we talk to construction company clients and ask them how it’s going, many of them say, […]

Learn More
Dissecting the New Business Interest Expense Limitation

Dissecting the New Business Interest Expense Limitation

By Miranda Aavatsmark Iceberg!  Straight ahead!  Although there are many theories why the unsinkable ship, the Titanic, sank, ultimately the piercing claws of the iceberg underwater was the cause of her untimely fate.  When The Tax Cuts and Jobs Act of 2017 (TCJA) rolled out a new limitation on business interest expense, it appeared, at […]

Learn More
Difficulties and Benefits of Accepting Cryptocurrency as a Not-For-Profit

Difficulties and Benefits of Accepting Cryptocurrency as a Not-For-Profit

Cryptocurrency is a virtual currency, which is a decentralized system based on blockchain technology. There are thousands of cryptocurrencies, which offer a digital medium of exchange for instantaneous purchasing and sales transactions, the most famous being Bitcoin. Bitcoin was the first established cryptocurrency, which had its 10-year anniversary in 2018. The cryptocurrency industry has come […]

Learn More
Good News for the Craft Beverage Industry

Good News for the Craft Beverage Industry

A recently proposed bill could make the Craft Beverage Modernization and Tax Reform Act of 2017 permanent. Senators Roy Blunt (R-Mo.) and Ron Wyden (D-Ore.) had good news for the craft beverage industry on Wednesday, February 6, 2019. The Senators announced a bipartisan bill, which if passed, would amend the Internal Revenue Code to make permanent […]

Learn More
Don’t wait: Filing your 2018 tax return early can reap many benefits

Don’t wait: Filing your 2018 tax return early can reap many benefits

Every year, there are many people who wait until the last minute to file their tax returns. Despite this tendency, there are several benefits to filing your return early, even if you have a balance due. Filing early can lead to quicker refunds, planning time for paying a balance due, as well as protection against […]

Learn More