Damon Delcoro – Page 5 – Romano & Associates

The Tax Cuts and Jobs Act (TCJA) includes a provision that Secretary of the Treasury Steven Mnuchin said should lead to $100 billion in capital investments in distressed areas. The provision allows taxpayers to defer…

By Damon Delcoro

General

Year-End Tax Planning For Businesses In The New Tax Environment

The passage of the Tax Cuts and Jobs Act (TCJA) in late 2017 brought significant changes to the tax landscape. As the first tax season under the law looms on the horizon, new year-end tax…

By Damon Delcoro

General

The Business Meal Expense Deduction Lives On Post-TCJA

The Tax Cuts and Jobs Act (TCJA) was packed with goodies for businesses, but it also seemed to eliminate the popular meal expense deduction in some situations. Now, the IRS has issued transitional guidance —…

By Damon Delcoro

General

IRS issues new TCJA guidance for businesses

IRS issues new TCJA guidance for businesses The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their qualifying employees paid family and medical leave in…

By Damon Delcoro

General

Three Bills Form Tax Reform 2.0

On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0. The bills focus on making permanent certain…

By Damon Delcoro

General

Spin E-Mail Addresses Into Gold

The Internet is one of the best devices your company has to target new customers and keep your existing clientele happy. But before you begin reaping the benefits of e-marketing, you must collect and manage a…

By Damon Delcoro

General

Deducting Pass-Through Business Losses

Many business ventures generate tax losses, especially in the first few years of operation or under adverse conditions. When can losses be deducted — and how much can you deduct in any given year? This article…

By Damon Delcoro

General

Tax-Exempt Organizations: IRS Provides Guidance on New UBTI Rule

The IRS recently issued much-needed guidance on how tax-exempt organizations should calculate unrelated business taxable income (UBTI) for each separate trade or business they operate. This requirement was part of the Tax Cuts and Jobs Act…

By Damon Delcoro

General

IRS issues proposed regulations on the pass-through business income deduction

The IRS recently released highly anticipated regulations addressing the deduction for up to 20% of qualified business income (QBI) from pass-through entities. The deduction was a major component of the Tax Cuts and Jobs Act,…

By Damon Delcoro

General

A Strategic Plan Should Also Include a Succession Plan

Many small businesses prepare — and regularly update — a strategic plan, but many overlook this important task. Whether your business falls into the “have” or a “have-not” category, a strategic plan can be an invaluable resource…

Track Your Refund

Author: Damon Delcoro

IRS Proposes Regulations For Opportunity Zone Tax Incentives

Year-End Tax Planning For Businesses In The New Tax Environment

The Business Meal Expense Deduction Lives On Post-TCJA

IRS issues new TCJA guidance for businesses

Three Bills Form Tax Reform 2.0

Spin E-Mail Addresses Into Gold

Deducting Pass-Through Business Losses

Tax-Exempt Organizations: IRS Provides Guidance on New UBTI Rule

IRS issues proposed regulations on the pass-through business income deduction

A Strategic Plan Should Also Include a Succession Plan

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