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Cost Segregation Study
A cost segregation study looks at a building or piece of property and segregates the total cost into portions with…
Research and Development Credits
Both the federal and state research and development credits (R&D credit) are in place to reward those companies that develop…
Should I Record Interest Income On My ESOP?
No. Nothing really happened. The company makes a contribution of $XX, which is paid the ESOP. The ESOP turns around…
I Went ESOP. When Should I Expect our DOL Audit?
There is a high likelihood that if you are an ESOP, then you will be visited by the DOL (Department…
New: Qualified Business Income Deduction = 20%
A major provision in the Tax Cuts and Jobs Act is a 20% deduction available for pass-through entities with qualified…
What are SARS and Why Would an ESOP Want Them?
This question often comes up when a company goes 100% ESOP. Prior to the ESOP transaction, ownership had a direct…
Construction Contracts – Lookback Calculation
If you are looking for a way to kill a few hours to figure out if you owe the IRS…
Construction Contracts – Completed Contract
The completed contract method is simple since you don’t have to recognize any profit until the contract is actually complete. …
Construction Contracts – Cash Method
The cash method of accounting is one of the two main methods that businesses can use. The cash method can…
Construction Contracts – 10% or Less
Construction contracts are a tricky animal. There are so many ways to account for them for book and tax purposes…
Is the Cost of the Company Party Deductible Under the New Tax Law?
As we uncover the details associated with the Tax Cut and Jobs Act and apply the rules to the real-world…
Checklist of Common Estate Tax Audit Triggers
About nine percent of the estate tax returns reporting gross estates of $5 or more were audited by the IRS…
Deep Dive on 529 Plans
With federal changes to the way 529 plans work in Dec 2017 and MN changes to the way 529 plans…
New Tax Law Eases Rules for Bonus Depreciation
The Tax Cuts and Jobs Act effectively lowers the cost of acquiring capital assets by making substantial changes to the…
Making the right choice about your office space
For many companies, there comes a time when owners must decide whether to renew a lease, move on to a…
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