Big News on Bonus Depreciation: New Flexibility!
The IRS has issued new guidance on bonus depreciation under the Tax Cuts and Jobs Act (TCJA) that provides multiple options on the amount of the deduction you take. The [...]
HKFS Planning Strategies: Proposed Changes to IRA Rules
There are three major changes to IRAs currently being proposed in the legislature. You will want to talk with your financial advisor about these changes to make sure you have [...]
I’m Not Your Friend—I’m a PAL! Passive Activity Loss Rules Explained
Imagine that you’ve put a significant amount of money into your business or real estate property. Now imagine that it generates loses in the first few years of operations… yet [...]
The Taxpayer First Act: A Different Kind of Tax Relief
President Donald Trump has signed the Taxpayer First Act, clearing the way for reforms aimed at improving the tax return process for taxpayers. The act, formerly HB 3151, changes the [...]
Brexit: Uncertainty is the Watchword, but Investment Opportunities Still Exist!
The Brexit leave date has come and gone and the future of the UK relationship with the EU is plagued with uncertainty, which looks set to continue—but with a new [...]
Small Business or Syndicate? The Answer Might Surprise You
Owners of businesses who have investors might be in for a rude awakening when it comes to the new tax laws. A small business, defined as a business with less [...]