New Rules Issued Limiting Interest Deduction will Affect Almost Everyone
The new rule limiting the deduction for interest expense goes into place in 2018. Under the new rule, a taxpayer can deduct interest only up to 30% of adjusted income. The interest expense in excess
Finding the Right Fit – Allison Parsons, Controller
Allison Parsons started her career at age 16 as a client account representative for a distribution company. After graduating from Baldwin Wallace University in 2007 with a degree in Business Management and Administration, Allison joined
Year End Update
PersonalPersonal with Business or Rental IncomeBusiness Capital Gains and Losses Short-term capital gains are taxed at up to 37%. Your long-term (investments held for longer than one year) capital gains rate can be as much
Tax Planning Alert: Having too Many Losses will Hurt You
The 2017 Tax Cuts and Jobs Act made several very significant changes. One of the strangest is that a taxpayer can deduct no more than $500,000 of losses from Partnerships, S-Corporations, and rentals ($500,000 married
Pease & Associates CPAs is recognized in the TOP 300 Accounting Firms
CLEVELAND, OHIO, UNITED STATES OF AMERICA, August 13, 2018 /EINPresswire.com/ — IPA Releases Ranking of Top 300 Firms – Transformative change is moving across the profession like a reverse ripple on a pond – embraced
TO C OR NOT TO C – SHOULD YOU BE A C-CORPORATION?
This issue of Tax Talk provides you with a quick reference chart on whether you should be a C-corporation based upon the Tax Cuts & Jobs Act of 2017. To download a pdf of this
Structuring loans for S corp. shareholder basis planning opportunities
S corporation shareholders confront limitations in the amount of passthrough entity losses they may deduct from income. Understanding how basis is accurately calculated and what qualifies as shareholder basis against which to deduct passthrough losses
Brent Grover Joins Pease, CPAs in Innovative Leadership Role
May 1, 2018 – Cleveland, OH. Pease & Associates, CPAs announces an innovative alliance with Brent Grover, formerly of Evergreen Consulting LLC. In this new role for the firm, Grover will be providing leadership and
Tax Talk – The New Depreciation Rules
This issue of Tax Talk focuses on the new depreciation rules of the Tax Cuts & Jobs Act of 2017. Click here to download the reference chart.
Tax Talk – Interest Expense Limitation
This issue of Tax Talk focuses on the interest expense limitations of the Tax Cuts & Jobs Act of 2017. Click here to download a reference chart on how to apply these interest expense limitations.
