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Bureau of Economics Analysis Form BE-120

Purpose of Form The Bureau of Economic Analysis (“BEA”) is collecting the Form BE-120 Benchmark Survey of Transactions in Selected Services and Intellectual Property with Foreign Persons. The survey is intended...

HLB International Appoints New Member in Vancouver

HLB International, one of the leading global accountancy networks with presence in 150 countries, continues its growth with the recent signing of a new member firm in Vancouver, Canada - Facet Advisors. ...

New Form 1040

https://www.irs.gov/pub/irs-dft/f1040--dft.pdf Above is a link to the draft of the 2018 1040. It will have a substantial number of changes including more use of supplemental schedules. The 2018 draft Form...

July/August Dates to Remember

July 16 Employers. For Social Security, Medicare, withheld income tax, and nonpayroll withholding, deposit the tax for payments in June, if the monthly rule applies. July 31 Employers. For Social Security,...

Moving Your Business to Avoid the SALT Cap

The Tax Cuts and Jobs Act of 2017 has put a cap on state and local tax (SALT) deductions. Beginning with your 2018 tax return, if you itemize deductions, you can count no more than $10,000 a year of SALT deductions...

Don't Neglect Estate Planning

The federal estate tax exemption now exceeds $11 million per person. Accordingly, few individuals or married couples will owe this tax. Nevertheless, there is more to successful wealth transfer than reducing or...

More Give in the Gift Tax

The Tax Cuts and Jobs Act of 2017 increased the federal estate tax exemption to $11.18 million for 2018. That’s per person, so the combined exemption for a married couple can be as much as $22,360,000 worth of...

Supreme Court Decision on Sales Tax for Online Retailers

Earlier today, the Supreme Court of the United States released its highly anticipated decision on South Dakota v. Wayfair. The court upheld South Dakota’s ability to collect and remit sales tax from online...

Deducting Expenses for Business Use of your Home

The home office deduction is one of the most overlooked deductions by small business owners and those that are self-employed. If the expenses associated with the business use of your home qualify for the deduction,...

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