By Kenneth H. Bridges, CPA, PFS June 2023
On December 29, 2022, President Biden signed into law the Consolidated Appropriations Act of 2023, which included retirement legislation known as SECURE 2.0 Act. While this legislation is mostly of …
By Kenneth H. Bridges, CPA, PFS June 2023
Quarterly estimated tax payments. Not exactly the sexiest of topics, but one we get a lot of questions about and one that creates a fire drill for our tax professionals the first …
By Kenneth H. Bridges, CPA, PFS June 2023
The Tax Cuts and Jobs Act enacted in late 2017 placed a $10,000 per year limit on individuals’ deduction for state and local taxes (SALT) on Schedule A as itemized deductions. As …
By Kenneth H. Bridges, CPA, PFS June 2023
Historically, “research and experimentation” expenditures have enjoyed very favorable tax treatment. You could elect to deduct such expenses immediately (or capitalize and amortize if more beneficial), the expenses are not subject to …
By Kenneth H. Bridges, CPA, PFS June 2023
Charitable gifts of cash can provide a nice tax benefit. Charitable gifts of appreciated assets can provide an even greater tax benefit, as you can potentially get a deduction for the value …
By Kenneth H. Bridges, CPA, PFS June 2023
Companies frequently use contractors in lieu of “employees.” It is an arrangement that can work well for both parties. The contractor gets to maintain his or her sense of independence, usually commands …
By Shane D. McGrath, CPA June 2023
In a continued effort to promote the adoption of electric vehicles (EVs), recent updates to the tax code have expanded the existing tax credits while introducing new incentives. The Inflation Reduction Act extended …
By Kenneth H. Bridges, CPA, PFS December 2022
Congress has, in recent years, become increasingly creative in how it names legislation; particularly tax legislation. And so, the tax legislation enacted in August 2022 was named The Inflation Reduction Act …
By Kenneth H. Bridges, CPA, PFS December 2022
As discussed in previous articles I have written on the topic, Georgia has been the epicenter of the syndicated conservation easements industry, which has been in the IRS’ crosshairs for quite …
By Kenneth H. Bridges, CPA, PFS December 2022
The Tax Cuts and Jobs Act enacted in late 2017 placed a $10,000 per year limit on individuals’ deduction for state and local taxes (SALT) on Schedule A as itemized deductions. Many …