New Tax Law Puts Businesses on a Diet

New Tax Law Puts Businesses on a Diet

Reading Time: 4 minutes Over the years, businesses have become accustomed to the benefits of deducting business-related meal and entertainment expenses. However, the Tax Cuts and Jobs Act of 2017 has changed the deductibility of certain meal and entertainment...
Casualty Loss Safe Harbor

Casualty Loss Safe Harbor

Reading Time: 5 minutes The year 2017 has been a headliner of a year for natural disasters. Americans have fallen victim to multiple hurricanes, floods, epic brush fires and earthquakes, all of which have caused extensive property damage. In response, the Internal...
Update on the Single Sales Factor in Louisiana

Update on the Single Sales Factor in Louisiana

Reading Time: 3 minutes Louisiana Governor John Bel Edwards signed legislation on June 28, 2016, to adopt changes to the Louisiana corporate income tax apportionment formulas for certain businesses and to provide rules for the sourcing of income relating to certain...
Success-based Fees Being Allowed Administrative Relief

Success-based Fees Being Allowed Administrative Relief

Reading Time: 4 minutes The IRS has recently issued relief for companies that failed to fully and completely make affirmative elections in order to deduct very large portions of success-based fees that were incurred during acquisitive transactions. There are several...