Month: September 2018

Why Are Tax Industry Experts Leary of Proposed Tax Cuts?

We don’t always agree and regardless the issue, there are always arguments on both sides, and discussions are often heated. Expect nothing less toward proposed tax cuts by the Treasury Department. They are bringing forth both anticipation and trepidation by a growing number of industry experts and economists. The plan is called unaffordable and unfair. …

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Is The New Tax Cut For Qualified Improvement Property Unfair to Restaurants?

Some laws are enacted because they appear to provide solutions to issues in need of resolution. That seemed to have been the case with the Tax Cuts and Jobs Act (TCJA) for depreciation of qualified improvement property (QIP), enacted December 2017. It had an immediate impact on 2017 taxes filed after January this year. Instead …

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