Business Deductions Directly from the IRS

  The IRS recently published some guidance with regard to the new tax reform and business deductions. Yes, they are often helpful! We thought we would pass that on. From [...]

The Down Side of the New Tax Reform

The Tax Cuts and Jobs Act (TCJA) included many taxpayer-friendly changes, such as lower tax rates overall, and a much larger standard deduction for individuals. However, not all of the [...]

Tax Reform: Senate Bill vs House Bill

In the early hours of Saturday morning the Senate passed its version of tax reform. The House bill and the Senate bill will now go to conference committee to iron [...]

President Trump’s New Tax Proposal

From the Desk of Michael T. McCormick President Trump’s New Tax Proposal President Trump outlined his new tax proposal on Wednesday that the Administration intends to submit to Congress. “Today [...]

Tax Planning for the Donald Trump Presidency

From the Desk of Michael T. McCormick Tax Planning for the Donald Trump Presidency After a heated presidential election, the time is now to look forward and see what changes [...]