January 12, 2018

2018 Tax Reform Law has Benefits for Some Small Businesses

The monumental new tax law signed late in 2017 – the Tax Cuts and Jobs Act (TCJA) – has been hailed as a boon for big […]
December 21, 2017

Congress passes biggest tax bill since 1986

On December 20, the House passed the reconciled tax reform bill, H.R.1, commonly called the “Tax Cuts and Jobs Act of 2017” (TCJA), which the Senate […]
December 19, 2017

3 Mistakes You Might Be Making with Your Business Credit Cards

Business credit cards are a great solution for many of a small business’s purchasing needs. They eliminate the need to carry cash, make reporting easier at […]
October 27, 2017

FAQ: Can I claim the adoption credit for a foreign adoption?

Yes, however, there are special timing rules for foreign adoptions. These rules differ from the timing rules for domestic adoptions and impact when you may claim […]
October 27, 2017

How Do I? Get a payroll credit for increasing research expenses

IRS Chief Counsel, in generic legal advice (AM-2017-003), recently described when a qualified employer may take into account the payroll tax credit for increasing research activities. […]
October 27, 2017

IRS exam staffing falls; audit coverage declines

IRS Exam staffing in fiscal year (FY) 2016, the latest tax year with statistics available, reached a 20-year low. As a result, the Treasury Inspector General […]