The 20% Qualified Business Income (QBI) Deduction—also called the 199A Deduction—was part of the 2017 Tax Cuts and Jobs Act. It was enacted to help ease the tax burden on [...]
Whether a rental real estate enterprise is a trade or business for purposes of the section 199A qualified business income deduction (QBID) has been a subject of uncertainty for many [...]
Gains or losses on tangible personal property used for business and investment purposes can no longer be deferred under the new tax law under the like-kind exchange rules, applicable for [...]
The IRS and Treasury Department have released interim guidance on the new tax law affecting excise taxes on executive compensation for tax-exempt organizations such as nonprofits and higher education entities. [...]
Businesses have another reason to be excited about the Tax Cuts and Jobs Act—a business credit for providing their employees with paid family and medical leave. Effective for the 2018 [...]
The new year also brings new sales tax rates! The Florida Department of Revenue (FDOR) has released its 2019 tax rates for general sales tax and commercial rent sales tax. [...]