As the new Biden government announces candidates for top government positions, there is a lot of speculation about what certain policy initiatives, including tax reform, will look...
Posted by Daniel P Vigilante CPA and Profit Consultants on 02/12/2021
Congress passed major tax reform in the Tax Cuts, and Jobs Act passed on December 22, 2017. This legislation, which affects individuals and businesses, is known as the TCJA or Reform...
Posted by BEST FINANCIAL GROUP LTD on 11/17/2020
One of the legislation's outputs for tax reform is establishing the Global Intangible Low-taxed Income (GILTI). The idea is to provide global (minimum), which brings about several...
Posted by James Financial Services Inc on 11/09/2020
Tax preparation is a sore spot for many people. It is hard work that requires many intricate details. Sadly, the rules change without prior notice from the government and for many...
Posted by UNIVERSAL ACCOUNTING & FINANCIAL SERVICES INC. on 11/09/2020
To be successful in the inventory acquisition process, you will need to monitor your business's two main aspects: efficiency and profitability. It's important to keep a schedule,...
Posted by Dennis Jao on 11/07/2020
In December 2017, major tax reform was launched, which concerns individuals and businesses. It is commonly known as the Tax Reduction and Employment Act, TCJA, or Tax Reform. Most...
Posted by CORE PERFORMANCE on 11/06/2020
Choosing the right type of entity is a multifaceted analysis. It necessarily depends on a variety of factors, including business objectives, type of business, desire for liquidity...
Posted by Unifirst Financial & Tax Consultants on 09/21/2020
The legislation, informally known as TCJA, limits the amount of net operating loss (NOL) used in any given year, allowing indefinite carry-forward. Considered as another revenue raiser...
Posted by Unifirst Financial & Tax Consultants on 07/23/2020
The tax code has been rewritten in several ways by the final version of the GOP tax bill passed last month. It eliminated deductions and made additional new benefits. Some of...
Posted by BEST FINANCIAL GROUP LTD on 11/14/2018
