by Kyle Kmiec | Mar 14, 2019 | Insights
Section 199A provides a 20% deduction on the amount of Qualified Business Income (referred to as QBI and defined later) from a domestic business operated as a partnership, S-Corporation, sole proprietorship, trust or estate. This deduction is in response to the...
by Kyle Kmiec | Mar 13, 2019 | Insights
Part I in our Tax Planning Opportunities for the Construction Industry series One of the most comprehensive changes included in the TCJA is the changes in tax accounting methods available for contractors. Methods previously only available to smaller contractors are...
by Kyle Kmiec | Nov 9, 2018 | Insights
The Tax Cuts and Jobs Act (TCJA) increased the number of taxpayers eligible to use the cash method of accounting. The TCJA also expanded the threshold for small businesses to use the cash method of accounting, which now includes those with average annual gross...
