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Tax Planning & Preparation
Jan. 20, 2019
WASHINGTON (Reuters) - The U.S. government tax agency said on Wednesday it would not impose penalties on many taxpayers who had too little federal income tax withheld from their pay last year, or who paid less than their estimated tax liabilities. In a concession that follows a sweeping U.S. tax overhaul enacted in late 2017, the In... View Article>
Tax Planning & Preparation, Business Advisory Services, IRS and State Tax Audit Representation
Tax Developments to Pay Attention To - Especially for Businesses.
Jan. 16, 2019
The following is a summary of important tax developments that occurred in October, November, and December of 2018 that may affect you, your family, your investments, and your livelihood. Please call us for more information about any of these developments and what steps you should implement to take advantage of favorable developments and to mi... View Article>
General Discussion
Dec. 7, 2018
Impending signs of “doom” lurking around the corner sent U.S. stock markets into a tailspin this week, falling roughly 4 percent at their lowest intra-day point. Volatility and downward pressure has been a relatively consistent theme for the Dow Jones Industrial Average, the S&P 500 index and the Nasdaq Composite Index in rece... View Article>
Tax Planning & Preparation, Business Income, IRS and State Tax Audit Representation
Tax Cuts and Jobs Act: A comparison for businesses
Nov. 1, 2018
The PDF below is a comparison of certain provisions of the Tax Cut and Jobs Act  (TCJA)to the old tax law for businesses. Please contact us for more information. View Article>
Tax Planning & Preparation, Business Income, Personal and Fiduciary Income
IRS issues Interim Guidance on Deductibilty of Meals under TCJA
Oct. 4, 2018 1
The IRS has issued guidance concerning the deductiblity of meals expense. Under the 2017 Tax Cuts and Jobs Act (TCJA), entertainment expense is no longer deductible. The Act did not change the definition of entertainment under § 274(a)(1); therefore, the regulations under § 274(a)(1) that define entertainment continue... View Article>