Smith Schafer Senior Tax Manager, Dianna Streed, presented at Red Wing Area Chamber of Commerce’s Lunch & Learn Seminar on December 20, 2017.
5 Important Tax Items Before Year-End Presentation
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Business Tax
Year-End Strategies & Tax Bill Highlights
Major tax changes are on the way for both individual and business taxpayers.
IRS Increases Annual Gift Tax Exclusion for 2018
The IRS has announced the annual gift tax exclusion is increasing next year due to inflation.
Year-End Planning: Business Tax
IRC Section 179 permits “expensing,” or first-year tax deduction, of outlays for business equipment that otherwise would be recovered through depreciation over many years.
Impact of the Proposed Partnership Audit Regime
The IRS recently released new proposed regulations designed to significantly change the rule under which an audit of a partnership can occur.
Are You Aware of the Minnesota Sales Tax Changes Effective October 1st?
There are upcoming changes to the Transit Improvement Area Sales and Use Tax, as well as rate changes for other jurisdictions.