Tax

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Tax Cuts and Jobs Act: Focus on Impact for Real Estate

This is the first in a five-part series that highlights the segments of the newly enacted Tax Cuts and Jobs Act and how it impacts the real estate industry. We will focus on the [...]

February 13th, 2018|Real Estate, Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Itemized Deductions

As we continue our analysis of the TCJA, this week’s newsletter will focus on some of the more important individual tax changes, specifically those pertaining to itemized deductions. Every deduction indicated on Schedule A [...]

February 8th, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Simplification or Complication?

By: Mike Shepherd Is the recent Tax Cuts and Jobs Act a simplification or complication? The short answer is yes. But how can it be both simplification and complication you ask? Congress works in mysterious [...]

February 5th, 2018|Tax, Tax Cuts and Jobs Act|

Increase and Modification of Child Tax Credit

There were some changes made to the child tax credit rules in the new tax bill. The amount of the credit was increased, the adjusted gross income phase-outs were increased, a new non-child dependent tax [...]

January 25th, 2018|Tax|

Tax Cuts and Jobs Act: Depreciation-Related Provisions

In our second installment on the new tax law, we will focus on depreciation-related provisions. Many of you may have previously benefited from bonus depreciation and Section 179 expensing — tax incentives that have [...]

January 18th, 2018|Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act: Employee Benefits

What is Changing? Over the coming weeks, we will be sending out more details relating to the new tax law. Given the volume of changes, we will be releasing a more detailed review of [...]

January 10th, 2018|Tax, Tax Cuts and Jobs Act|

Should I Prepay My Property Tax?

We have received several calls this week about prepaying 2018 property tax by December 31, 2017 in light of the cap on deductibility of those taxes that will be in place for 2018. Kentucky does not have [...]

December 28th, 2017|Tax|

Tax-Exempt Implications of Tax Cuts and Jobs Act

By Allison Carter, CPA The current bill for the Tax Cuts and Jobs Act, which was signed by President Trump on Friday, has several provisions impacting tax-exempt organizations. Below is a brief overview of [...]

December 28th, 2017|Tax, Tax Cuts and Jobs Act|

Federal Tax Reform as of December 20, 2017 – Equine Industry Focus

By Jen Shah, CPA · Equine Industry Team Leader Federal tax reform is upon us and, while most provisions in the current bill are effective for calendar years beginning in 2018, there [...]

December 20th, 2017|Equine, Tax, Tax Cuts and Jobs Act|

Tax Cuts and Jobs Act Summary To-Date

On Friday evening, congressional Republicans released the final version of their tax overhaul plan. The plan will be voted on this week with the goal of President Trump signing the bill into law before [...]

December 18th, 2017|Tax, Tax Cuts and Jobs Act, Wealth & Estate|