Meals and Entertainment Expenses Dramatically Changed Under New Tax Law
There are many changes under the new Tax Cuts and Jobs Act (TCJA) that impact businesses. One in particular that business owners need to be aware of is new limitations on the deductibility of meals and entertainment expenses. However, with all the changes, it may not be so clear as to what meals and entertainment expenses qualify as 50% deductible, which are 100% deductible, and which are non-deductible.
What Are The Top Individual Takeaways From the Tax Cuts and Jobs Act?
Politicians and pundits alike have been offering their opinions on the implications of the sweeping tax reform legislation. The experts at MBAF have been taking a professional and unbiased approach to analyzing the impact of the new law, and we have produced what we believe to be the most essential “takeaways” from the Tax Cuts and Jobs Act for individuals.
The Taxation and Accounting Challenges of Cryptocurrency
“Cryptocurrency” — the very name sounds mysterious. When it comes to cryptocurrencies such as Bitcoin and Ether and their taxation, that sense of ambiguity remains, even for tax professionals. However, with the rise in use of these currencies, it is important to understand the U.S. tax treatment of such for planning and compliance purposes. This article explains how cryptocurrencies are viewed in the eyes of the IRS.
The 10 Takeaways from the Tax Cuts and Jobs Act for Financial Advisors
The Tax Cuts and Jobs Act is now the law of land. While still in its infancy, taxpayers and experts alike are struggling to figure out the many implications of the far-reaching tax reforms. With all the confusion over the changes and whether they may, or may not impact any given taxpayer, who will they turn to but their CPAs or other financial advisors?
Join us on Tuesday, March 27th @ 3:30PM for a MBAF signature event where you will learn about artificial intelligence and its effects on every day business. Our event will consist of a short presentation, a power panel of subject-matter experts, followed by a networking cocktail reception with top level executives and professionals from our community.
MBAF ranked fifth in the large company category of South Florida Business Journal's 2018 "Best Places to Work". As a 2017 Best Places to Work honoree and recipient of several other workplace recognitions this year, the top-40 public accounting firm has established itself as an industry leader in employee satisfaction.
On December 22, 2017, President Trump signed into law the Tax Cuts and Jobs Act. Ever since then, politicians and pundits alike have been offering their opinions on the implications of the sweeping tax reform legislation. The experts at MBAF have bee ...
The article “Is your employer’s retirement plan getting less attractive?” explains why the new TCJA devalues putting money into traditional tax-deferred plans and favors Roth versions. Does the same reasoning apply to conversions fr ...
For a variety of estate planning and asset management purposes, many affluent families hold their assets in trusts, family investment vehicles or charitable foundations. If assets held in this manner include interests in hedge funds, private equity f ...