From working with our law firm clients and associates, we realized that many firms are still scrambling to come to grips with the tax code changes and develop tax planning strategies around them. We’ve summarized key changes in the tax code that impact law firms...
The Internal Revenue Service is urging taxpayers to do a “paycheck checkup.” To help understand the implications of the Tax Cuts and Jobs Act, the IRS unveiled several new features to navigate the issues affecting withholding in their paychecks. This post highlights the new features...
The new tax law places a new limit on the amount of interest expense businesses can deduct on their tax returns. This new limit will punish over-leveraged companies and discourage companies from becoming too leveraged. Starting in 2018, businesses can only deduct interest based upon...
The new tax law includes amendments to IRS Code Section 1031 for like-kind exchanges of real estate and other types of property. This post explains what has changed in the new law and property types for which you'll still be able to defer capital gains...
