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Resources

Accounting for Business

Welcome to our Resources section, where you will find articles pertaining to accounting for business, business financial planning, financial advice, and the industries of our clients. This section is a great source of information, but please contact us if you feel you need professional financial advice. Maxwell Locke & Ritter is here to offer trusted guidance.

 

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Is a pay raise a better motivator for employees than better work conditions? Or is a better working relationship with a supervisor or manager more important than a pay raise to motivate an employee? Whatever your view on this topic, you can probably find a study that supports your position.

Congress enacted the so-called “kiddie tax” rules to prevent parents and grandparents in high tax brackets from shifting income (especially from investments) to children in lower tax brackets. Congress recently revamped this tax under the Tax Cuts and Jobs Act (TCJA).

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When it comes to making an acquisition, stock and asset purchases have their advantages and disadvantages but there might be a way to combine the best of both worlds.

Many companies provide their financial statements, along with a CPA’s report, to lenders, investors, suppliers and customers. Informed readers of the report will gain varied levels of comfort based on the type of financial statement provided.

Here’s a look at some of the more important elements of the Tax Cuts and Jobs Act that have an impact on individuals. Unless otherwise noted, the changes are effective for tax years beginning in 2018 through 2025.

Here’s an overview of some of the more important business tax changes in the Tax Cuts and Jobs Act. Unless otherwise noted, the changes are effective for tax years beginning in 2018.

Here’s a look at some of the more important elements of the Tax Cuts and Jobs Act that have an impact on foreign taxation. In general, they are effective starting in 2018.

Here’s a look at some of the more important elements of the Tax Cuts and Jobs Act that have an impact on S corporations, partnerships, and pass-through income. In general, they are effective starting in 2018.

The Tax Cuts and Jobs Act (TCJA, or Act) makes substantial changes to the Internal Revenue Code. In order to comply with certain budgetary constraints, the TCJA contains a “sunset,” or an expiration date, for many of its provisions. Accordingly, many of the TCJA provisions are temporary. Unless otherwise noted, the provisions discussed below are effective for tax years beginning after Dec. 31, 2017 and before Jan. 1, 2026. For calendar-year taxpayers (nearly all individuals), this means that the provisions are effective for 2018-2025.

Here’s a look at some of the more important elements of the Tax Cuts and Jobs Act that have an impact on tax-exempt organizations. In general, the provisions involved are effective starting in 2018.