Posted on 1/29/2019 10:35 AM By Thomas B. Johnson
On December 22, 2017, Congress passed, and the President signed, the Tax Cuts and Jobs Act (TCJA). The bill had numerous provisions that lowered tax rates, eliminated deductions and implemented new tax concepts into the tax law. The lowering of rates and elimination of deductions are fairly straightforward to incorporate into our planning, compliance work, and the advice we give to you. For many questions regarding deductions, the answer is now NO, and different tax rates are a one-time change to computer formulas.
Posted on 9/9/2014 3:00 PM By Thomas B. Johnson
When embarking on a real estate investment project, there are numerous financial and tax issues considerations to address. This article covers a sampling of issues to consider as you plan your project.
Posted on 3/31/2014 8:54 AM By Thomas B. Johnson
Finance and Commerce recently published an article, "Net Investment Business Tax hits real estate," by Boulay Partner, Tom Johnson, CPA