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Buying vs. Leasing Equipment: Which Is Right for Your Business?

For tax years starting in 2018, the Tax Cuts and Jobs Act (TCJA) provides new and improved tax incentives for buying new and used business equipment. But leasing still offers benefits for some taxpayers. Here are some important considerations when deciding whether to buy or lease equipment. The primary advantage of owning fixed assets is that … Continue reading Buying vs. Leasing Equipment: Which Is Right for Your Business?

Small Business Tax Strategy: Heavy Vehicle Plus a Home Office

Small business owners are always looking for easy ways to lower their taxes. Here’s a simple, but effective, tax planning technique that’s available under the Tax Cuts and Jobs Act (TCJA) for 2018 through 2022. To take advantage, you need to purchase a “heavy” vehicle, work from a qualifying home office and keep detailed business expense … Continue reading Small Business Tax Strategy: Heavy Vehicle Plus a Home Office

New Law, New Limit on Deductions for Business Interest Expense

The Tax Cuts and Jobs Act (TCJA) imposes a new limitation on deductions for business interest expense. This is a permanent change for tax years beginning in 2018 and beyond. Will your business be affected? Here’s what you need to know. 3 Exceptions to the Interest Expense Limitation Many businesses will be exempt from the interest … Continue reading New Law, New Limit on Deductions for Business Interest Expense

Effects of the Tax Law Vary Based on Major Life Events

Change is part of life. The Tax Cuts and Jobs Act (TCJA) has brought sweeping changes to the federal income tax rules for individuals. But how will you and your family be affected? That depends on your specific circumstances. Major life changes — from marriage and birth to divorce and death — can provide opportunities and … Continue reading Effects of the Tax Law Vary Based on Major Life Events

Is an Association Health Plan Right for Your Company?

Association health plans (AHPs) are health benefit policies made available to small employers through a group purchasing arrangement for the benefit of association members and their employees. Under the old rules, AHP availability was limited to tightly linked employers (such as parent-child companies). Under new regulations issued by the Department of Labor on June 19, “an … Continue reading Is an Association Health Plan Right for Your Company?

Executive Pulse Survey Report – Executive Summary

The 2018 Cornwell Jackson Executive Pulse Survey reveals a highly optimistic group of business owners and executives who are confident in their business strategies while being concerned about internal culture and leadership transitions. Across six major industry segments, leaders believe the U.S. economy is better than 12 months ago while the Texas and Dallas Fort … Continue reading Executive Pulse Survey Report – Executive Summary

Supreme Court Sides with Employers on Arbitration Agreements

The Supreme Court often agrees to rule on questions upon which individual appeals courts have reached different conclusions, to create a uniform national legal standard. And that’s what the court did with a 5-4 decision in a case called Epic Systems Corp. v. Lewis. The basic question was whether the Federal Arbitration Act has greater authority over … Continue reading Supreme Court Sides with Employers on Arbitration Agreements