The Bureau of Labor reports close to 17% of the U.S. workforce is comprised of non-U.S. citizens. That said, businesses with foreign employees should understand how to correctly comply with IRS regulations concerning payments to foreign workers.
Wage Reporting and Withholding Rules for Foreign Employees
Posted by bgoricki on Feb 21, 2017 5:26:57 PM
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Topics: foreign employees, International Tax, Tax, Uncategorized, wages
New rules and a general reminder about a tax incentive that can increase cash flow for your business.
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Topics: Research & Development, R&D, Tax, tax credits, Uncategorized
[[{"type":"media","view_mode":"media_large","fid":"2501","attributes":{"alt":"","class":"media-image","height":"167","style":"float: right; margin: 5px;","typeof":"foaf:Image","width":"250"}}]]Are you trying to decide whether to pursue a career in Tax or Audit, but neither one seems to be quite right for you? I was in the same position when I heard about a third option – Accounting and Advisory Services! What is it? Great question – keep reading to find out…
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Topics: Accounting, Advisory, Audit, Internship, Tax, Uncategorized
2016 Year in Review: Top Tax Issues Impacting the Real Estate Industry, Part One
Posted by bgoricki on Feb 1, 2017 10:40:58 AM
The next tax filing season may seem far away, but as 2016 ends, taxpayers will begin the task of year-end tax planning. While 2016 was not a year for major tax reform or legislative action, there have been some notable regulatory changes. 2016 saw several pieces of regulatory guidance that could have an impact on acquisition and disposition transactions, entity structuring activities, taxable income calculations and tax accounting method options. As real estate owners and operators, construction companies, developers and REITs embark on analyzing their tax situation for 2016 and beyond, it’s critical to be aware of these new developments.
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Topics: real estate, Tax, Uncategorized
Giving to charity can provide not only large tax deductions, but also the satisfaction of doing good. On top of that, it’s one of the most flexible tax planning tools because you can control the timing to best meet your needs. Before you donate, it’s critical to make sure the charity you’re considering is indeed a qualified charity and is eligible to receive tax-deductible contributions.
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Topics: Charitable Donation Deduction, Tax, Tax Planning, Uncategorized
In 2005, Congress passed the Energy Policy Act. The law created a tax incentive tied to the design or installation of energy-efficient interior lighting, HVAC, hot water or building envelope systems in commercial buildings. Section 179D of the Internal Revenue Code still allows qualifying businesses to deduct up to $1.80 per square foot for eligible projects placed into service between 2006 and 2016.
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Topics: 179D, Construction, Tax, tax deductions, Uncategorized
The time to consider tax-saving opportunities for your business is before its tax year-end. Some of these opportunities may apply regardless of whether your business is conducted as a sole proprietorship, partnership, limited liability company, S corporation, or regular corporation. Other opportunities may apply only to a particular type of business organization. This Tax Letter is organized into sections discussing year-end, and year-round, tax-saving opportunities for:
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Topics: business tax planning, Tax, Uncategorized, year-end tax planning
Individual income taxes, whether paid through employer withholding or quarterly estimates, are probably one of your largest annual expenditures. So, just as you would shop around for the best price for food, clothing, or merchandise, you want to consider opportunities to reduce or defer your annual tax obligation. This Tax Letter is intended to assist you in that effort.
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Topics: individual tax, Tax, Uncategorized, year-end tax planning
On Monday, December 12, 2016 the Supreme Court refused to hear a case challenging a Colorado law that requires online retailers without a physical presence in the state to turn over customer purchase data to state tax officials. While the Colorado law spurred the case, the ramifications of the Supreme Court’s refusal to hear the challenge will affect individuals and businesses in states across the U.S.
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Topics: Online Retailers, nexus, Retail, sales tax, Tax, Uncategorized
Atlanta’s landscape is more vibrant than ever. As new developments emerge, historic buildings are often tossed aside for new, modern style architecture. This trend is not limited to Atlanta; it is happening across the state to varying degrees. That said, Georgia preservationists are raising awareness about the state’s historic and cultural developments in hopes to preserve endangered historic properties and the State is doing its part to make preservation more appealing from an economic standpoint.
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Topics: Atlanta real estate, Historic Property, Tax, Tax Incentives, Uncategorized