IRS Answers Many Questions on New 21% Executive Compensation Tax

Tax-exempt and certain governmental entities, as well as their for-profit entities, may need to pay an excise tax on executive compensation and parachute payments in excess of $1 million per

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Personal Property Tax Compliance: Eight Frequently Missed Issues That Can Lead to Overpayments

Don’t let confusion about constantly shifting policies surrounding state and local tax cause you to pay more than you owe in personal property tax. Understanding these eight streamlined principles can help

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Tax Reform & Choice of Entity Considerations

All pass-through entities, including partnerships and S corporations, should evaluate their choice of entity as a result of tax reform and the new reduced corporate tax rate of 21 percent (previously 35 percent). Converting from

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Tax Considerations for Restaurants Entering New Markets

by Adam Berebitsky, BDO Tax Partner Today the average family’s schedule is faster-paced than before. As traditions around the dinner table reflect that change, the restaurant industry is growing at staggering

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Architects & Engineers – How Will the New Tax Reform Affect Your Business?

Written by Bill Lorimer, CPA In the wake of the largest tax bill since the Tax Reform Act of 1986, business owners are trying to process the implications to the

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Alabama Accountability Act – Tax Planning Opportunity for You

by Todd Hindsman, CPA Under the Alabama Accountability Act (AAA), taxpayers have the opportunity to receive a tax credit for up to half of their state tax liability (capped at

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Why You Should Outsource Your Accounting Needs

Written by: Katherine Aikens, BMSS Opelika team member Keeping up with all of your accounting records and bookkeeping can be really tough. CFO Advisory Services can solve those problems for you.

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Completed-Contract Method Permitted for Grading and Soil Compaction Long-Term Contracts

IRS Chief Counsel, in a Technical Advice Memorandum (TAM), has determined that long-term construction contracts requiring grading and soil compaction of the pad area necessary to construct home foundations qualified

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