Category Archives: CPA & Business Advisory

What Does the Tax Cuts and Jobs Act Mean for the Real Estate and Construction Industry?

Posted on Thursday, June 21, 2018 by

Given the Tax Cuts and Jobs Act’s complex and far-reaching nature, how can someone endeavor to understand ways in which it may affect their particular industry? For the real estate and construction industry, the Act brings about changes in the realm of personal tax returns, as well as business tax items that require attention.

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Is the U.S. Sales Tax Landscape on the Verge of Change?

Posted on Tuesday, June 12, 2018 by

By the end of June, the U.S. Supreme Court will render its decision in the South Dakota v. Wayfair, Inc. case. This decision could completely change the state sales tax landscape—is your company prepared for the potential outcome?

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Influence of Tax Reform on Business Entity Selection

Posted on Wednesday, June 6, 2018 by

The enactment of the Tax Cuts and Jobs Act in December has caused many business owners currently structured as pass-through entities, such as S corporations, to consider switching to become a C corporation to take advantage of the significantly reduced 21% corporate tax rate.

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Championship Matchup: Business Risks Versus Internal Controls

Posted on Wednesday, June 6, 2018 by

A company’s internal controls should not be limited to risks that directly impact financial statement line items such as improper revenue recognition or unsupported reconciliations. You should consider other risks that would be detrimental to your business and what controls might be established to mitigate those risks.

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IRS Grants Penalty, Filing Relief for Taxpayers Subject to Transition Tax on Foreign Earnings

Posted on Wednesday, June 6, 2018 by

The IRS has decided to waive certain late-payment penalties relating to the tax on foreign earnings that was included as part of the latest tax reform. It also provided some clarifications regarding filing due dates.

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Augmented Reality Is Changing Manufacturing for the Better

Posted on Monday, June 4, 2018 by

Manufacturers are increasingly implementing augmented reality (AR) technology to improve their manufacturing processes. And for good reason–AR typically results in cost reductions, increased speed and fewer errors.

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IRS to Issue Guidance Concerning States Responses to New SALT Limitations

Posted on Monday, June 4, 2018 by

The IRS will be issuing regulations and guidance to clarify the treatment of state income taxes recharacterized by states as a charitable deduction to work around new state and local tax (SALT) limitations.

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Integrating AI Into the Supply Chain

Posted on Tuesday, May 29, 2018 by

Implementing artificial intelligence (AI) into business applications can produce game-changing circumstances that we can’t even imagine. While companies have made significant strides with AI, Forrester Research reports that only about one in eight companies have applied AI to logistics and supply chain management.

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