The Michigan Department of Treasury is warning taxpayers of a scam making its rounds via the U.S. Postal Service. Geared toward Michigan taxpayers with past-due tax debts, the scam sends a government-looking letter about overdue tax bills asking the ...

Before 2018, businesses could deduct 50 percent of business-related meal and entertainment expenses. However, the Tax Cuts and Jobs Act (TCJA) eliminated the deduction for entertainment expenses incurred after 2017. Business-related meal expenses, on...

With over 130 new tax provisions introduced by the Tax Cuts and Jobs Act (TCJA), the tax planning landscape for individuals and businesses alike has changed. Certain strategies that were once tried-and-true will no longer save or defer taxes, while o...

The Internal Revenue Service (IRS) announced that Hurricane Florence victims in parts of North Carolina will have access to limited tax relief in order to file certain individual and business tax returns, and make certain tax payments. Certain deadli...

On Dec. 22, 2017, the most sweeping tax legislation since the Tax Reform Act of 1986 was signed into law. The Tax Cuts and Jobs Act (TCJA) makes small reductions to income tax rates for most individual tax brackets and substantially reduced the incom...

The Internal Revenue Service (IRS) has released long-awaited Code Section 199A guidance, commonly known as the “pass-through deduction” or the “qualified business income (QBI) deduction.” Taxpayers can rely on the proposed reg...

The Tax Cuts and Jobs Act (TCJA) liberalized the eligibility rules for using the cash method of accounting, making this method — which is simpler than the accrual method — available to more businesses. Now the IRS has provided procedures a small ...

On June 21, 2018, in a highly anticipated decision, the U.S. Supreme Court ruled companies do not have to have a physical presence in a state in order to be required to register for and collect sales taxes. This decision may have far-reaching implica...