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There are many techniques you can use to protect your assets, from giving them to loved ones to placing them in offshore trusts. It’s important to understand that

The Tax Cuts and Jobs Act (TCJA) enhances some tax breaks for businesses while reducing or eliminating others. One break it enhances — temporarily — is bonus depreciation.

The Tax Cuts and Jobs Act (TCJA) generally reduces individual tax rates for 2018 through 2025. It maintains seven individual income tax brackets but reduces the rates for

The Tax Cuts and Jobs Act of 2017 (TCJA) is a sweeping revision of the tax code that alters federal law affecting individuals, businesses and estates. Focusing specifically

The recently passed tax reform bill, commonly referred to as the “Tax Cuts and Jobs Act” (TCJA), is the most expansive federal tax legislation since 1986. It includes

On December 20, Congress completed passage of the largest federal tax reform law in more than 30 years. Commonly called the “Tax Cuts and Jobs Act” (TCJA), the

Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2018. Keep in mind that this list isn’t all-inclusive, so

The IRS has announced that the optional mileage allowance for owned or leased autos (including vans, pickups or panel trucks) will increase by 1¢ to 54.5¢ per mile for business travel starting January 1, 2018. This rate can also be used by employers to reimburse

If you have not paid Alternative Minimum Tax (“AMT”) in the past, you may want to consider making payments for your property taxes and state income tax before year end. This will enable to you to claim these payments as deductions on your 2017 personal income tax return.

Recently, Illinois enacted the “Invest in Kids Act,” which provides for a tax credit equal to 75% of qualifying contributions made to a Scholarship Granting Organization (“SGO”), up to a maximum $1 million per taxpayer. The credit is not available to taxpayers who claim a federal income tax

As the holiday season quickly approaches, gift giving will be top of mind. While gifts of electronics, toys and clothes are nice, making tax-free gifts of cash using your

As the end of the year approaches, most of us have a lot of things on our to-do lists, from gift shopping to donating to our favorite

1099-MISC, Miscellaneous Income, must be mailed by January 31, 2018 to each person a company has paid during the course of business in 2017.  A person subject to 1099 reporting is defined as an individual who is a U.S. citizen or U.S. resident alien, a partnership or association

With a new year comes tax law changes.  One of the biggest changes this year are the due dates of important tax forms.  The following forms have new dates:

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• W-2s are due to the employee and government agency on January 31, whether filing paper

Cost Segregation Case Study

The professionals at CJG Partners LLP provide the expertise to implementing tax deferral strategies related to commercial property purchases. Our knowledge of the tax code coupled with the compliance requirements of cost segregation studies offers an affordable option to using traditional consultants.

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On May 18th, 2016 the DOL released a final rule that radically increases the thresholds for overtime rules, expanding the number of employees eligible for overtime pay. Under the FLSA, employees who work more than 40 hours in a week are entitled to overtime pay, unless they meet

We are writing to inform you of a recently enacted update to the tangible personal property regulations.  As you are aware, these regulations went into effect for tax years beginning on or after January 1, 2014, and provided for a de minimis safe harbor election that

We wanted to re-share an article from the November 2015 Tax & Business Alert that was posted on our website and mailed out to our clients last month. This article concerns the Employer Shared Responsibilities (ESR) provisions found in the Affordable Care Act.  Business owners need to