ArticleTopic 842 Basics For LesseesIn February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842)...United StatesReal Estate and ConstructionORBA
ArticleWhat You Need To Know About Construction LoansNot all loans and loan processes are the same. Securing commercial real estate loans is different from securing construction loans.United StatesReal Estate and ConstructionORBA
Article1099-MISC Reporting Guidelines and Resources 2020As we tend to receive questions related to Form 1099-MISC, here are general guidelines in order to assist you with the accurate filing of Form 1099-MISC.United StatesTaxORBA
Article1099-MISC Reporting Guidelines (January 2018)As we tend to receive the most questions related to Form 1099-MISC, we would like to provide you with some general guidelines ...United StatesTaxORBA
Article1099-MISC VS. 1099-NECLast year, the IRS released a new form – Form 1099-NEC. This form is still in use for 2021. While it might not have affected you last year, it may this year. United StatesTaxORBA
ArticleAccelerating Depreciation Deductions: A Cost Segregation Study May Reduce TaxesBusinesses that acquire, construct or substantially improve a building — or did so in previous years — should consider a cost segregation study. United StatesTaxORBA
ArticleBiden Administration Unveils Tax Blueprint As Part Of American Jobs PlanOn March 31, the Biden administration unveiled a jobs and infrastructure plan, the American Jobs Plan, to address the nation's pressing infrastructure needs.United StatesTaxORBA
ArticleBuying Or Selling A Business? What You Need To KnowBuying or selling a company can be a good move in the right circumstances, but it is essential to know what is involved. United StatesTaxORBA
ArticleFollowing The New PATH: Recent Tax Law Extends Depreciation-Expensing Tax Breaks — And MoreManufacturers and distributors tend to invest heavily in equipment, technology upgrades and leasehold improvements.United StatesTaxORBA
ArticleIRS Offers A Withdrawal Option To Businesses That Claimed Employee Retention Tax CreditsRecent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERC) have raised some businesses' concerns about the validity of their claims for this valuable...United StatesTaxORBA
ArticleIRS Relaxes Penalties For Underpaying 2018 TaxesThe IRS has increased the safe harbor for paying estimated taxes for tax year 2018. United StatesTaxORBA
ArticleMake The Most Of Estate And Gift Tax ExemptionsLegislation enacted in 2017 temporarily doubled the federal lifetime estate and gift tax exemption — from $5 million to $10 million, indexed for inflation — through 2025. United StatesTaxORBA
ArticlePrepare For IRS Plans To Increase Tax AuditsIn recent years, the IRS has audited only about 0.5% of individual income tax returns. Their audit choices have been more high net worth returns and larger companies with more tax issues.United StatesTaxORBA
ArticleProactive Estate Planning Starts TodayIt is common for manufacturers and distributors to be family-owned. Unfortunately, it is also common for owners to let estate planning fall by the wayside.United StatesTaxORBA
ArticleS Corporation Vs. C Corporation - Is It Time For You To Make The Switch?The Protecting Americans from Tax Hikes (PATH) Act of 2015 accomplished more than just extending certain tax breaks.United StatesTaxORBA
ArticleThe American Rescue Plan Act Has Passed: What Is In It For You?President Biden has signed the American Rescue Plan Act (ARPA), which includes $1.9 trillion in funding for individuals, businesses and state and local governments.United StatesTaxORBA
ArticleThe Tax Impact Of Theft In A Real Estate ScamNo one ever wants to be the victim in a real estate scam, but as scams become more increasingly sophisticated, the risk is also growing rapidly. United StatesTaxORBA
ArticleWhen Is Income Taxable?If you have not reported UBI correctly, your organization may be responsible for back taxes, interest and penalties. United StatesTaxORBA
ArticleAre You At Risk For AMT Liability?Do you know if you are likely to be subject to the alternative minimum tax (AMT) — and what actions can trigger it? If not, you need to find out so that you can consider taking steps to address potential AMT liability.United StatesWealth ManagementORBA