The Tax Cuts and Jobs Act of 2017 created a tax incentive program to stimulate investment in distressed communities that have been designated as Qualified Opportunity Zones (OZs). These tax friendly investments are made through Qualified Opportunity Funds, which are partnerships and corporations organized for the purpose of owning property within OZs. The rules for […]
This material has been prepared for informational purposes only. It is not intended to provide, nor should be relied upon for, tax advice. By now, you probably know that the Tax Cuts and Jobs Act of 2017 provided some good news for business owners in the form of a new 20% Qualified Business Income […]
Welcome to the 2018 Tax Planning Guide, intended to inform you of the new developments in the world of business and individual taxation and to stimulate tax planning ideas and strategies as we enter the last quarter of 2018. Click the link below to access our online version. This year, with the passing of the Tax […]
From David Cooper, PP&Co Director The speculation and debate have finally ended, and U.S. taxpayers have been presented with the confirmed Tax Reform Bill. Below are highlights of the Bill that may have particular relevance to PP&Co clients. Many PP&Co clients pay a lot more than $10K state and local taxes every year, so they […]
From Tom Wagstaff, PP&Co Partner A recent unanimous ruling by the U.S. Tax Court could make it easier for employers whose workers have been reclassified as “employees” by the IRS to avoid income tax liability for the workers’ earnings. The ruling allowed an employer access to its reclassified workers’ individual tax returns, which could reveal […]
