The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense.
New Limit on Deductions for Business Interest Expense
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Business
South Dakota v. Wayfair: Online Sales Tax Decision
In the recent landmark South Dakota v. Wayfair, Inc. case, the U.S. Supreme Court struck down the physical presence nexus standard established in the 1992 decision Quill Corp. v. North Dakota.
Tax Reform: What it Means for your Business Presentation
Smith Schafer tax professionals, John Edson, Brad Berlin, Jill McKernon and Kyle Spicer presented a free educational tax reform seminar at the Golden Valley Country Club.
C Corporations – Tax Reform Affecting Tax Planning
One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017.
Succession Planning Requires Smart Strategies
Succession planning is important in any business, but it is sometimes overlooked in family-owned operations.
Valuations for Gift & Estates
Smith Schafer Principal, John Edson, presented a free educational seminar titled Valuations for Gifts & Estates at the Rochester Golf & Country Club.