Tax cuts and jobs act Archives - O&S CPAs & Business Advisors

Tax Credits to Take Advantage Next Tax Season

If you are deciding whether or not to invest in a vehicle for your business, you should consider the tax implications. New Qualified Plug-in Electric Credit U.S. Code § 30D allows for a tax credit for plug-in electric vehicles drawing propulsion energy from a battery with five kilowatt hours or more of capacity. The credit [...]

By Kyle Watwood|2021-07-16T00:26:16-07:00June 18th, 2018|General Accounting And Tax, tax, tax deductions, General Tax And Accounting Information, Tax cuts and jobs act, Tax credits|0 Comments

TCJA impact on NOLs

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, [...]

By Evan Sandler|2018-06-14T12:23:06-07:00May 18th, 2018|General Accounting And Tax, tax, Tax cuts and jobs act|0 Comments