One of the less publicized effects of the new tax law or TCJA (Tax Cuts and Jobs Act law) that passed late last year is the impact on net operating losses. The full effect of the changes won’t be felt until 2019 because only NOLs generated after 12-31-17 are subject to the new guidelines. Traditionally, [...]
One of the least anticipated provisions of the newly enacted “Tax Cuts and Jobs Act” is that employers will no longer be able to deduct parking expenses (on the employer’s premises) for employee provided parking. This seems odd in light of the fact that employees almost always assume that some type of free parking will [...]
Last Friday, the President signed the ‘Tax Cuts and Jobs Act of 2017’ into law. Now that we have had some time to review the new tax law, we wanted to relay some of the more significant portions of the new tax law which may affect your spending and business decisions beginning on the first [...]
