Two of the largest financial changes affecting the real estate industry as part of the Tax Cuts and Jobs Act are the new interest expense limitation and changes to depreciation for real estate assets and related assets. These two areas oversect in the new Act and it is important for taxpayers and practitioners alike to…
On February 9, the “Bipartisan Budget Act of 2018” was signed into law. The two-year budget agreement, which continues funding for the government through March 23, 2018, retroactively extends for one year over 30 tax provisions which had expired at the end of 2016. As such, taxpayers can claim any applicable tax breaks on their…
On December 22, 2017, the Pension Benefit Guaranty Corporation (PBGC) issued final regulations in connection with its program for maintaining retirement benefits on behalf of terminated benefit plans for missing beneficiaries and participants. The purpose of this regulation is to enhance the program by expanding it to include: Previously this program was limited to single…
Withum’s Financial Services Group Named Best Advisory Firm for Client Service CPA and advisory firm recognized as industry leader in hedge fund space Nationally ranked WithumSmith+Brown, PC (Withum), a top public accounting and advisory firm, has been recognized for strength in client service with the Best Advisory Firm – Client Service honor at the recently…
11 Factors to Collecting Attorney Fees on a Timely Basis One of the biggest headaches in most businesses around the world comes down to collecting fees for services performed. No hard-working attorney likes to work for free or have that terrible feeling of anxiety wondering if their clients will ever pay. Cash flow is the…
Share The Tax Cuts and Jobs Act, signed into law on December 22, 2017, has caused a radical change in the U.S. tax system, impacting both domestic and international organizations, as well as some individuals. Since that date, the tax implications for corporations continue to be extensively analyzed, digested and modelled to assess the impact…
Tax Reform Impact on Auto Retail Industry The Tax Cuts and Jobs Act signed into law on December 22, 2017 will have significant impact on the auto retail industry – individuals (dealers) and businesses (dealerships). The enactment of comprehensive tax reform, the first major rewrite of the tax code since 1986, cut taxes of franchised…
The Tax Cuts and Jobs Act, often referred to simply as “tax reform” and herein as the “Act,” received a great deal of attention as it sped its way through Congress and into law. This article looks at a few general and specific provisions of the law that directly impact the independent mortgage banker.
Withum Relocates 110 Team Members to Downtown Orlando Withum has completed the relocation of 110 team members from its East Concord Street and Altamonte Springs locations to 200 South Orange Avenue, Orlando, FL. The Firm concluded a comprehensive, sustainable build out of the new 19,530-square-foot first-class office space by incorporating recycled content and diverting 15,589…
Regarding finances, matrimonial matters deal with equitable distribution and support. The equitable distribution process consists of identifying the assets, valuing them and distributing them. The support process consists of determining the income available for support and allocating the income among the parties and their children. In simple cases, identifying and valuing assets and determining the…