Tax Reform Updates


New Opportunity Zone Tax Benefits Make an Attractive Investment

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Overview of the Enticing New Opportunity Zone Program Established within the Tax Cuts and Jobs Act of 2017, the new Opportunity Zone legislation was created to develop economically-distressed communities across the United States by incentivizing long-term investments in these communities […]


Don’t Forget: 2019 Standard Mileage Rates Have Changed

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The IRS issued an increase in the standard mileage rates for business travel, effective January 1, 2019, under the Tax Cuts and Jobs Act of 2017 (tax reform). While the IRS states that standard mileage rates can be applied to […]


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Tax Reform Prompts Businesses to Rethink Employee Leave Policies

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New Tax Liability Credit is Changing How Business Owners Compensate Employees During Leave While there tends to be focus on the larger line items resulting from the Tax Cuts and Jobs Act of 2017, there are some lesser-known tax breaks […]


Top 3 Year-End Tax Tips for Agribusinesses

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It’s not too late – if you haven’t yet scheduled a strategic tax planning meeting with a tax advisor, there are some very good reasons why you should. Here are the ‘Top 3’ advantageous ways you can still maximize tax […]


What to Expect from Your Accountant this Tax Year

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The 411 for Farmers & Ranchers Many farmers and ranchers stand to benefit from tax law changes brought about by 2017’s Tax Cuts and Jobs Act (TCJA). Numerous changes have been made in the areas of accounting rules and depreciation. […]


Look Before You Leap on Tax Conversions

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Lower Tax Rates for Conversions May Not Deliver the Most Advantages The flashy headlines around the lower tax rates as part of the new tax code are not always cut-and-dry, and businesses need to take a deep-dive look at the […]


Tax Update: Entertainment Deduction Clarified

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50% of Meals for Clients/Customers Now Deductible On October 3, the IRS issued a new guidance that will allow a deduction for 50% of meals while entertaining clients/customers. This decision was made following confusion over the wording in the tax […]


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How to Give ‘$mart’ from Your Heart

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Tips for Charitable Giving and Lower Taxes As the 2017 tax reform has made extensive changes affecting your income tax returns in 2018, we wanted to take a moment to: explain how you can use a few of these changes […]


Caution & Potential Surrounding Common Ownership

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Guidance for the 199A Deduction – Proposed Regs for Multiple Entity Farmers Following the recently proposed Section 199A regulations in August, we have been fielding questions from farmers regarding common ownership and how section 199A (20% of business income deduction) […]


Midyear Tax Checkup Pays Off for Manufacturers

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Perfect time to see how new tax laws could impact your business when you file for 2018 taxes The new provisions for 2018 have changed a multitude of tax deductions, exemptions, rates and brackets. Now that the fanfare around the […]