Thoughts from Our Managing Partner and Other M&S Thought Leaders
December 21, 2015
The PATH Act of 2015, recently signed into legislation by the President, reaches more than just small businesses and their owners; there are provisions made permanent by this act that will affect individual taxpayers, too. What is the IRA Charitable Rollover Provision? The IRA charitable rollover provision allows taxpayers to exclude up to $100,000 annually of qualified charitable IRA...
December 20, 2015
The Protecting Americans from Tax Hikes (PATH) Act of 2015 was signed by the President on December 18, 2015. One of the most significant provisions of the law was to make the Research and Development tax credit permanent. Although the research credit has been a part of the federal tax landscape since 1981, the law has had a series of expiration dates which required Congress to pass a new law to...
December 02, 2015
I recently received a startling and cryptic note indicating that one of my doctors was going to be out of the office for a few months. Because the details provided were scarce, I did not know what to make of the correspondence, and could only hope that nothing bad was happening to him. Like most people, my first instinct upon receiving this communication was to wonder how this situations was...
November 23, 2015
Year-end tax planning for businesses often focuses on acquiring equipment, machinery, vehicles, or other qualifying assets to take advantage of enhanced depreciation tax breaks. Unfortunately, two "classic" depreciation breaks expired on December 31, 2014. Enhanced §179 expensing election- Before 2015, §179 permitted companies to immediately deduct, rather than depreciate, up to $500,000 in...
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Submitted by admin on Wed, 2017-06-21 09:20