An employee who receives equity-based compensation may have to pay tax when they receive or exercise stock or options, but the terms of the grant (such as a vesting period) may not allow them to exercise the option and/or sell the shares until a later date, leaving the employee with a tax bill and no way to liquidate their options to pull together the cash to pay the taxes due. The new Section 83(i) election aims to resolve this timing difference.
The 2018 tax law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017, with the greatest allowable deduction for year one now going up to $18,000 (with bonus depreciation) and $10,000 (without bonus depreciation).
Our June client bulletin takes a look at how small businesses cope with summer vacations, the IRS giving a thumbs up on home equity deductions, and how a retirement bucket plan can help navigate a volatile market.
The new tax law made changes to how you can depreciate the fixed assets purchased by your business. Here’s what you need to know about the changes to section 179 and bonus depreciation.
Filing 1099s is a necessary evil that comes with the territory of running a business. While most people think of 1099s as something to deal with at year-end, you can drastically simplify your year-end process by improving your processes today.
Our May 2018 client bulletin takes a look at how the new tax law affects divorce, stretching for yield in your investments (carefully), and the new tax law’s change to the deductibility of entertainment expenses.
Our April 2018 client bulletin takes a look at how to know your true tax rate, rethinking retirement contributions, Roth IRA conversions, state and local taxes, medical deductions and the new pass-through entity deduction.
The IRS today announced that it would be granting many businesses in the Northeast and Mid-Atlantic affected by the recent winter storms an extra 5 days to request an extension of time to file their 6-month extension.
Check out our March 2018 client bulletin for a look at weighing the risks of bond funds, two five-year tests for Roth IRAs, and how small companies can address harassment issues.
The IRS released updated withholding tables for 2018, which incorporate tax reform changes. Employers should refigure employee withholdings based on these tables by 2/15/18.