By Kenneth H. Bridges, CPA, PFS December 2018
Included in The Tax Cuts and Jobs Act legislation enacted in late 2017 was new Internal Revenue Code Section 1400Z-2, “Special Rules for Capital Gains Invested in Opportunity Zones”. These new rules, …
By Kenneth H. Bridges, CPA, PFS August 2018
Included in the December 2017 tax legislation (The Tax Cuts and Jobs Act or “TCJA”) was a new deduction for owners of pass-thru entities and sole proprietorships, the 20% “qualified business …
By Kenneth H. Bridges, CPA, PFS August 2018
Georgia, like most states, offers a bounty of credits against its income tax; some of which fall into the almost too good to be true category. Some (e.g. the jobs credit, research …
By Kenneth H. Bridges, CPA, PFS December 26, 2017
The Tax Cuts and Jobs Act (TCJA)1 was passed by the House and Senate on December 20 and signed into law by the President on December 22.
The actual text …
By Kenneth H. Bridges, CPA, PFS February 2017
In order to encourage companies to invest in R&D, and to reward them for doing so, Federal and Georgia tax rules provide what can be very significant tax credits (dollar for dollar …
By Kenneth H. Bridges, CPA, PFS February 2017
The partnership format (which includes most LLCs) is a very popular entity choice for income tax purposes, because it provides flow-through treatment (i.e. no risk of double taxation, and ability to pass …
By Kenneth H. Bridges, CPA, PFS February 2017
President Trump has frequently made reference to imposing a tariff on imported goods, and Congress is now talking about enacting a “border adjustment tax”, also known as a “destination based cash flow …
By Kenneth H. Bridges, CPA, PFS November 2016
Late November through year end is the time for year-end tax planning. This year, with potential major tax legislation coming in 2017, it is more important than ever. While every client’s situation …
By Kenneth H. Bridges, CPA, PFS November 2016
With the Republicans in control of The White House and Congress, the stage could be set in 2017 for the most significant tax legislation we have seen since The Tax Reform Act …
By Kenneth H. Bridges, CPA, PFS June 2016
We are often asked by our U.S.-based clients who are considering conducting business outside the U.S. to advise them with respect to the tax consequences of such. Likewise, we are often asked …