Latest Articles

business taxes 1  56b7731687830

November 19, 2018 

Like-Kind Exchanges Now Limited to Real Estate

Effective Jan. 1, 2018, exchanges of personal or intangible property such as machinery, equipment, vehicles, artwork, collectibles, patents, and other intellectual property generally do not qualify for nonrecognition of gain or loss as like-kind ...

 As 2018 Ends, Year-End Tax Planning is More Critical

November 19, 2018 

As 2018 Ends, Year-End Tax Planning is More Critical

Last December’s tax-reform bill upends conventional tax-planning strategies and dramatically changes the landscape for this year’s tax filings. The good news is that there is still time to ease the pain of the upcoming filing season – even this late ...

Tax Return Transcript M 1  5b7dc4cc39e04

November 19, 2018 

IRS Warns of New Transcript Scam

The scam is especially problematic for businesses whose employees might open the malware because this malware can spread throughout the network and potentially take months to successfully remove.

Data-Hacking1

November 19, 2018 

Are You Hackerproof? 3 Ways to Protect Your Practice

In relationships, trust is everything. And for accountants, who typically handle large amounts of sensitive information for their clients, trust is a prerequisite. Names, social security numbers, addresses, salaries and wages — all of these, if ...

business taxes 1  56b7731687830

November 19, 2018 

How the 20% Qualified Business Income Deduction Affects Veterinary Practices

With passage of the Tax Cuts and Jobs Act (TCJA) in early 2018, veterinary practice owners are hopeful of reduced tax burden, enhanced by the prospect of a 20% deduction on “Qualified Business Income” (QBI) flowing through from Sub S Corporations, LLCs, Partnerships and Sole Proprietorships. And everyone is cautious, because there are complications to...…

Avalara 2018 5bf2eee031d82

November 19, 2018 

Avalara Ranked on Deloitte Fast 500 List

Overall, 2018 Technology Fast 500 companies achieved revenue growth ranging from 143 percent to 77,260 percent from 2014 to 2017, with median growth of 412 percent. Avalara recorded 158 percent revenue growth during this period.

small-business1

November 19, 2018 

New Small Seller Exceptions for Sales and Use Taxes

To determine how much business a remote seller is doing in a state, economic nexus laws rely on the volume of sales, the number of transactions, or both. For example, the South Dakota law that led to the demise of the physical presence rule uses the ...

Gail Cole

 5 Keys to Success in Value Pricing

November 19, 2018 

5 Keys to Success in Value Pricing

Value pricing is a way of billing a client for services provided based on the value of the service (or advice) instead of the number of hours spent. Consider one of your clients calls for tax advice on how to structure a real estate transaction.

Jim Boomer