Advisories
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IRS Proposes New Regulation on Qualified Business Income
The Tax Cuts and Jobs Act (The Act), has brought with it many changes that impact business owners. One of the most significant changes created by The Act is the new 199A qualified business income (QBI) deduction. Qualified business income includes do ...
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Essential or Premium: Which Dynamics 365 Business Central Plan Is Best?
When Microsoft said they would release an app designed for SMBs that had outgrown their entry-level accounting software, they weren’t kidding. Dynamics 365 Business Central (D365 Business Central) is a program that makes managing back-end business ...
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The BDIT: A Trust with a Twist
The beneficiary defective inheritor’s trust (BDIT) allows you to enjoy the benefits of a traditional trust without giving up control over your property. BDITs can hold a variety of assets, but they’re particularly effective for assets tha ...
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Common ERP Implementation Challenges and How to Overcome Them
Depending on how it’s managed, enterprise resource planning (ERP) implementation poses a handful of challenges. It doesn’t matter if you are a small, family-owned business or a large corporation: there will be struggles. But of course, th ...
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Reminder: Millions of ITINs Expire at the End of 2018
Certain individuals with a United States income tax return filing obligation are required to apply for an Individual Taxpayer Identification Number (ITIN). ITINs are obtained and used in circumstances where a person, or his or her dependent spouse or ...
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6 Functions That Make Dynamics 365 Business CentralStand Out
Information technology continues to transform every aspect of business, and technology companies are scrambling to get the lion’s share of the market through constant innovation. Microsoft, for example, has created various apps to support small ...
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Don't Forget to Take Advantage of Florida's 2018 Back-to-School Sales Tax Holiday
Although kids may still be enjoying splashing around in the pool and long summer nights, it is never too soon for parents to start thinking about saving money on back-to-school supplies. Florida’s popular “Sales Tax Holiday” starts Augu ...
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As Hurricane Season Heats Up, IRS Warns of Tax Scams
As the 2018 Atlantic Hurricane Season continues, and will likely intensify, the IRS has released a “hurricane warning” of another kind. In a recent “Tax Tip,” the agency warned taxpayers to be aware of opportunistic thieves an ...
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IRS has Raised Interest Rates for Second Quarter 2018
Some taxpayers may not be aware that the IRS has raised its interest rates for the calendar quarter which began April 1, 2018. According to the agency, current interest rates are: 5% percent for overpayments [4% in the case of a corporation] 2.5% for ...
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Tax Deferral Via Investing in Qualified Opportunity Fund
One of the perhaps lesser known provisions of the Tax Cuts and Jobs Act of 2017, which could be very beneficial to real estate investors and high net worth individuals, was the establishment of Qualified Opportunity Zones. Under the new law, investme ...
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