Monthly Archives

June 2018

Uncategorized
June 27, 2018

Choosing the best business entity structure post-TCJA

For tax years beginning in 2018 and beyond, the Tax Cuts and Jobs Act (TCJA) created a flat 21% federal income tax rate for C corporations. Under prior law, C corporations were taxed at rates…
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California Legal ChangesJune Tax Newsletter
June 25, 2018

Changes to Independent Contractor Determination

By: Josh Siegel, Senior Manager, Mergers & Acquisitions & Grace Shirvani, Senior Associate, Mergers & Acquisitions On April 30, 2018, the California Supreme Court’s ruling in the appeal of Dynamex Operations West, Inc. v. The…
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June Tax NewsletterTax Reform Planning
June 25, 2018

Hidden Gem in the New Tax Law

By: Michael Jakimzak, Senior Tax Manager One very beneficial piece of the Tax Cuts and Jobs Act legislation, the Federal Opportunity Zone Program, has flown under the radar.  This new program was designed to incentivize…
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Business Tax PlanningJune Tax Newsletter
June 25, 2018

Tax Reform Changes to Depreciation

By: Tom Ohlgren, Senior Tax Manager The Tax Cuts and Jobs Act (“TCJA”) provides several benefits when your company buys new assets in 2018, and also contains some benefits for your 2017 tax return as…
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June Tax NewsletterState & Local Taxes
June 25, 2018

US Supreme Court Reverses Long Standing Physical Presence Requirement for Online Retailers

By: Mike Goral, Partner, SALT Services Summary In a landmark decision, on June 21, 2018 the US Supreme Court ruled that online retailers will no longer be required to have a physical presence in a…
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Corporate TaxJune Tax Newsletter
June 25, 2018

Tax Treatment of Paid-in-Kind (“PIK”) Interest

By Shawn Kato, Principal, Tax Services Payment-in-kind loans allow businesses to borrow money without having to come up with the cash to service the debt.  The interest accrued on these loans is Paid-In-Kind ("PIK") and…
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InternationalJune Tax Newsletter
June 25, 2018

IRS Ending Offshore Voluntary Disclosure Program for Persons with Foreign Financial Accounts

By: Michael Fejes, Manager, International Tax Services On March 13, 2018, the IRS announced that it will be ending the Offshore Voluntary Disclosure Program (“OVDP”) effective September 28, 2018, for U.S. Persons (U.S. citizens and…
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Audit & Accounting
June 18, 2018

Which intangibles should private firms report following a merger?

2018 is expected to be a hot year for mergers and acquisitions. But accounting for these transactions under U.S. Generally Accepted Accounting Principles (GAAP) can be complicated, especially if the deal involves intangible assets. Fortunately,…
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Tax
June 18, 2018

2018 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the second quarter of 2018. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply…
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Tax
June 13, 2018

2 tax law changes that may affect your business’s 401(k) plan

When you think about recent tax law changes and your business, you’re probably thinking about the new 20% pass-through deduction for qualified business income or the enhancements to depreciation-related breaks. Or you may be contemplating…
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