Our Thoughts On Archive

CARES Act - Removal of Excess Business Loss Limitation

The Tax Cuts and Jobs Act (TCJA) created a provision, Internal Revenue Code (IRC) Section 461(l) that limited the allowable losses that could be deducted

CARES Act - Modifications for Net Operating Losses

Learn more about how the CARES Act provided temporary suspension of taxable income limitation for net operating losses.

State Tax Considerations for Service Businesses

It’s becoming very challenging to stay abreast of the rules surrounding state tax compliance, not to mention developing processes to track how various

Tax Considerations When Selling Your Business

There are many things to consider when preparing to sell a business. Some of the items are strategic business considerations, financial considerations

Tax Considerations – Professional Service Entities

Since the passage of the Tax Cuts and Jobs Act (TCJA), there has been increased discussion regarding what is the most tax-efficient entity structure. This

The List of Nondeductible Expenses Continues to Grow

The Tax Cuts and Jobs Act (TCJA) has made significant changes to the tax code and the related underlying deductions available to taxpayers. These changes