Jan 4, 2019 | Uncategorized
A number of important tax changes go into effect in 2019. Some were ushered in by legislation such as the Tax Cuts and Jobs Act, the 2016 Consolidated Appropriations Act, and the Bipartisan Budget Act of 2018. Still other changes are the result of various...
Jan 4, 2019 | Uncategorized
In a Notice and accompanying information release, IRS has provided interim guidance for taxpayers to determine the amount of parking expenses for qualified transportation fringes (QTFs) that is nondeductible under Code Sec. 274(a)(4) and for tax-exempt organizations...
Dec 7, 2018 | Tax Cuts and Jobs Act, Tax Planning Tips, Uncategorized
Before the Tax Cuts and Jobs Act, taxpayers could deduct interest paid on up to $1 million ($500,000 if married filing separately) of home acquisition debt (debt used to buy or substantially improve a first or second home). Also, taxpayers could deduct interest paid...
Dec 7, 2018 | Uncategorized
Under the Tax Cuts and Jobs Act (TCJA), 2018 ordinary tax rates are generally lower than those for 2017. For example, the top rate has been reduced from 39.6% to 37%. (The remaining six rates are 10%, 12%, 22%, 24%, 32%, and 35%.) Also, the top rate now applies to...
Apr 23, 2018 | SAPWG Updates, Statutory Accounting, Uncategorized
Spring 2018 SAPWG Exposure Drafts Update with Larson Commentary
Jan 24, 2018 | Uncategorized
Larson & Company is proud to announce a new series of educational accounting posts created especially for the Utah Charter School community. The title of this piece probably didn’t send tingles of excitement up and down your spine. We wouldn’t expect it to. It’s...
