IRS Proposes New Regulation on Qualified Business Income

Aug 10, 2018

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 ...

Explore

Essential or Premium: Which Dynamics 365 Business Central Plan Is Best?

Aug 9, 2018

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 ...

Explore

The BDIT: A Trust with a Twist

Aug 6, 2018

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 ...

Explore

Common ERP Implementation Challenges and How to Overcome Them

Aug 3, 2018

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 ...

Explore

Reminder: Millions of ITINs Expire at the End of 2018

Aug 1, 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 ...

Explore

6 Functions That Make Dynamics 365 Business CentralStand Out

Jul 25, 2018

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 ...

Explore

Don't Forget to Take Advantage of Florida's 2018 Back-to-School Sales Tax Holiday

Jul 24, 2018

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 ...

Explore

As Hurricane Season Heats Up, IRS Warns of Tax Scams

Jul 17, 2018

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 ...

Explore

IRS has Raised Interest Rates for Second Quarter 2018

Jul 16, 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 ...

Explore

Tax Deferral Via Investing in Qualified Opportunity Fund

Jul 16, 2018

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 ...

Explore