Estate & Wealth Transfer Planning Insights

Tax Prep, Planning & Strategy

It’s a good time to buy business equipment and other depreciable property

There’s good news about the Section 179 depreciation deduction for business property. The election has long provided a tax windfall to businesses,…

Tax Prep, Planning & Strategy

The U.S. Department of Labor finalizes the new overtime rule

The U.S. Department of Labor (DOL) has released the finalized rule on overtime exemptions for white-collar workers under the Fair Labor Standards…

Tax Prep, Planning & Strategy

Bartering: A taxable transaction even if your business exchanges no cash

Small businesses may find it beneficial to barter for goods and services instead of paying cash for them. If your business engages in bartering,…

Construction, Real Estate, CIRA

IRS issues final QBI real estate safe harbor rules

Earlier this year, the IRS published a proposed safe harbor giving owners of certain rental real estate interests the opportunity to take advantage…

Tax Prep, Planning & Strategy

IRS provides additional guidance on bonus depreciation under the TCJA

The IRS has released final regulations and another round of proposed regs for the first-year 100% bonus depreciation deduction. The Tax Cuts…

Tax Prep, Planning & Strategy

Could your business benefit from the tax credit for family and medical leave?

The Tax Cuts and Jobs Act created a new federal tax credit for employers that provide qualified paid family and medical leave to their employees.…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
26 Dec

"A solo 401(k) plan is a powerful retirement savings tool if you run a one-person small business. Here’s how you can help save for a golden future and reap tax advantages." https://bit.ly/48Ot5q2

wcscpas Weyrich Cronin Sorra @wcscpas ·
24 Dec

"Changes are coming to the Social Security system in 2025 in the form of a higher wage base. Next year’s threshold amount was recently announced by the Social Security Administration. Here’s the amount, along with what it means for your business." https://bit.ly/40GSO1Q