Year-end Tax Planning in Light of the Tax Cuts and Jobs Act

As you may be aware, tax reform legislation has passed in Congress and was signed into law last week. The new changes are widespread and result in lower tax rates both for corporations and individuals beginning in 2018. Deferring income and accelerating deductions are...

Employer Reporting of ACA Officially Kicks in This Tax Year

Even after five years since its historic enactment, the Affordable Care Act (ACA) continues to be a major concern for employers. With the phased implementation of the ACA requirements, employers will need to focus on the employer reporting responsibility of the ACA...

New 2016 Standard Mileage Rates

A few weeks ago, the IRS issued the 2016 standard mileage rates used in calculating the deductible costs of using a car for business, charitable, medical or moving purposes. Effective January 1, 2016, the standard mileage rate for the use of a car (including vans,...