Author: Joe Romano

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The U.S. Department of Labor Finalizes The New Overtime Rule

The U.S. Department of Labor’s final overtime rule goes into effect on January 1, 2020. Will your company be ready?
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IRS Issues Final QBI Real Estate Safe Harbor Rules

A safe harbor for rental real estate to qualify for the qualified business income deduction is now allowed.

IRS Provides Additional Guidance On Bonus Depreciation Under the TCJA

Final IRS regulations (along with additional proposed regs) for the first-year 100% bonus depreciation deduction have been published. Do you know how they might affect your business’s tax bill?

DOL Expands Retirement Plan Options for Smaller Businesses

The U.S. Department of Labor (DOL) has released a final rule which should make it easier for smaller businesses to provide retirement plans to their employees. According to the DOL, the rule will enable more…

Congress Acts to Reform the IRS, Enhance Taxpayer Protections

The Taxpayer First Act is a wide-ranging IRS reform bill that also includes various other provisions that protect taxpayers’ rights. Here are the details.

IRS Wheels Out Additional Guidance On Company Cars

If your business has placed (or will place) passenger automobiles (including light trucks and vans) into service for 2019, listen up! The IRS recently has released depreciation limits for these vehicles.

IRS Updates Rules For Personal Use Of Employer-Provided Vehicles

An attractive fringe benefit for some employees is an employer-provided vehicle that can be used for business and personal use. The IRS recently issued guidance on how to value the personal use of such vehicles…

The Department of Labor Proposes Updated Overtime Rule

There’s been much upheaval over the overtime exemption rule since the last one went into effect in 2004. The Department of Labor has issued a proposed update to the rule, but it’s unclear if it…

2019 Tax Calendar

  To help you make sure you don’t miss any important 2019 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Please review the calendar and let us…

IRS Provides QBI Deduction Guidance In The Nick Of Time

When President Trump signed into law the Tax Cuts and Jobs Act (TCJA) in December 2017, much was made of the dramatic cut in corporate tax rates. But the TCJA also includes a generous deduction…