Posted on August 07, 2019 by
Lewis Taub
The new tax law that went into effect on Jan. 1, 2018, has had a tremendous impact on business activities, including merger and acquisition (M&A) transactions. As businesses prepare to file their tax returns this year, they are just now quantifying how much the Tax Cuts and Jobs Act (TCJA) affects their bottom line. Prior […]
As Americans enjoy their summer vacations, criminals remain hard at work devising new scams to steal taxpayers’ identities and intercept their tax refunds. The IRS reminds taxpayers to stay alert to tax-related schemes throughout the year, even after the April tax filing deadline. Most criminals conduct their scams via email and telephone, posing as agents […]
Posted on July 09, 2019 by
Karen Lake
The IRS has officially shut down any plans that high-tax states had introduced to help their residents circumvent the new tax law’s $10,000 cap on deductions for state and local taxes (SALT). According to final guidance issued by the IRS on June 11, 2019, taxpayers are prohibited from receiving federal tax deductions for the full […]
Forward-thinking businesses are slowly embracing technology and the convenience of mobile apps to improve the efficiency of routine administrative tasks, including expense reporting. Not much has changed over the past decade in the way which employees submit expense reports. Workers are responsible for tracking their expenditures, recording them as line-items on Excel spreadsheets and saving […]
