We wanted to alert you to a beneficial change in the tax rules for many improvements to interior parts of nonresidential buildings ("qualified improvement property" or "QIP"). You may recall that following the 2017 Tax Cuts and Jobs Act ("TCJA"), any QIP placed in service after Dec. 31, 2017 was not considered to be eligible for [...]
Along with the paramount health concerns right now, you may be wondering about some of the recent tax changes meant to help everyone coping with the coronavirus fallout. I want to update you on the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security (CARES) Act, Congress' gigantic economic stimulus package that the President signed [...]
Today CPA Heather Cozby will be live at noon on the Town of Plymouth’s "COVID-19 Daily Update" on PACTV, giving a big picture overview from her industry perspective. The daily forum is hosted by Town Moderator Steve Triffletti as a way to provide verified information from trusted sources to Plymouth residents who are facing information overload [...]
With stay-in-place guidelines extended due to the continuing spread of coronavirus, our offices will remain closed to the public at least through April 30, 2020. We have (understandably) been receiving many questions from our clients about taxes, as well as asking for clarification about recently enacted legislation impacting both individuals and small businesses. Unfortunately, we do [...]
Right now, your highest priority is the health of those you love and yourself. If you have time to read about some non-medical but important matters related to the health crisis, however, here is a summary of ` already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by [...]
