What are business tax deductions? Business tax deductions are any ordinary and necessary expenses for your business operations in a given tax year. The expenses must be reasonable, necessary for conducting your business, and directly traceable to your business. Most of them are expenses that you have as a self-employed person or sole proprietor that… Read More
Here is the challenge that Private Equity (PE) and Venture Capital (VC) Funds would face in valuing their portfolios at December 31, 2018. PE and VC funds using income approach, market comparable and/or precedent transaction approach to valuing their portfolios on a periodic basis, usually quarterly, may have been looking at higher market multiples in… Read More
Here are some of the key features of the Opportunity Zones provision of Tax Cuts and Jobs Act (TCJA). This article was written by Kislay (Sal) Shah. Mr. Shah has been in practice for over 25 years. An Opportunity Zone (OZ) is an economically distressed community where new investments, under certain conditions, may be… Read More
Here are some of the key features of TCJA that will have an impact on business taxes effective January 1, 2018. This article was written by Kislay (Sal) Shah, CPA. Kislay has been in practice for over 25 years. Deduction for Qualified Business Income (Sec 199A) This deduction is available to sole proprietors, LLC’s,… Read More
Here are some of the key features of TCJA that will have an impact on your taxes effective January 1, 2018. Most of these changes are effective until December 31, 2025. This article was written by Kislay (Sal) Shah. Mr. Shah has been in practice for over 25 years. Personal Exemption No personal exemptions are… Read More