Real Estate Articles
Posted by Michē Needham on September 25, 2020
The global pandemic has accelerated the work-from-home trend and what had been a slow migration to the suburbs. How can landlords and developers plan for the new demands of a population shift?
Posted by Megan Morris on September 23, 2020
Beware: It doesn't always make sense to claim 100% bonus depreciation and/or Section 179 deductions in the first year that qualifying business property is placed in service. Instead, there may be valid reasons to depreciate those assets over several years.
Posted by Kathleen Strobele on September 22, 2020
Employers already know they must pay non-exempt employees for every hour they work, however, when those employees work from home it's harder to keep track of those hours. The Department of Labor has just issued a “field assistance bulletin” to remind employers of what's required.
Posted by Michē Needham on September 10, 2020
Business taxes are a major issue in this year's presidential election. Here's a brief summary of how the 2020 tax platforms of Democrats and Republicans measure up on business-related issues, including corporate tax rates, the qualified business income (QBI) deduction, first-year depreciation deductions, manufacturing breaks, “green” tax credits, breaks for real estate ventures and more.
Posted by Timothy Bubar on September 08, 2020
In this difficult environment, companies may consider cutting certain employee fringe benefits. Before you do so, you might want to think about offering a cafeteria plan that allows participants to choose only the benefits they need.
Posted by Cheryl A. Jankowski on August 28, 2020
Section 2302 of the CARES Act provides that, through December 31, 2020, employers may defer the deposit and payment of the employer's portion of Social Security tax and certain railroad retirement taxes. Half of the deferred amount is due on December 31, 2021, and the other half is due on December 31, 2022.
Posted by Mark Stack on August 11, 2020
After the Tax Cuts and Jobs Act amended business tax provisions in the Internal Revenue Code (IRC) states and taxpayers have only recently come to understand the conformity implications of the TCJA. The CARES Act has presented modifications and a new round of conformity challenges for states, taxpayers, and practitioners.
Posted by Michael Grimaldi on August 11, 2020
Plan sponsors that have already or are considering reducing or suspending contributions to their safe harbor 401(k) or 403(b) plans as a result of the coronavirus pandemic now have helpful relief thanks to new guidance from the IRS.
Proposed Small Business Taxpayer Regulations Provide More Certainty of IRS’s Position on Accounting Methods Simplification
Posted by Kevin Smeader on August 10, 2020
On July 29, 2020, the IRS and Treasury released an advance copy of proposed regulations (REG-132766-18) to provide guidance for small business taxpayers to implement several statutory exemptions enacted by the 2017 tax reform bill known as the TCJA, P.L. 115-97, for the purpose of simplifying the method of accounting rules.
Posted by Jonathan Roller on August 10, 2020
Due to the COVID-19 pandemic, many small and mid-sized manufacturers expect to have significant net operating losses (NOLs) in 2020. But the Coronavirus Aid, Relief and Economic Security (CARES) Act provides some tax relief. In fact, companies may qualify for a refund if they amend previous tax returns with NOLs.