…One such break that had expired December 31, 2016, was just extended under the recently passed Bipartisan Budget Act of 2018: the tuition and fees deduction. But a couple of…
…There are many other details involved that could affect your company’s ability to qualify for a PPP loan or to achieve 100% forgiveness. Also, new guidance is being issued regularly…
…are tax-free if the funds are spent toward qualified education expenses (which includes tuition). For more information, please contact Chris McCaskey at Flagel Huber Flagel at cmccaskey@fhf-cpa.com or 937- 528-7244….
…industry, however, has had a much harder go of it — especially smaller, privately owned businesses in economically challenged areas. In response, the Small Business Administration (SBA) has launched the…
…a minute, read more about our history here (https://fhf-cpa.com/flagel-huber-flagel-history/ ) Thank you for your continued trust in Flagel Huber Flagel, Randall S. Kuvin | Managing Partner | Flagel Huber Flagel…
…bonus depreciation percentage is increased to 100% (up from 50% in 2017). The 100% deduction is allowed for both new and used qualifying property. In later years, the first-year bonus…
…status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds will become depleted in 2034,…
…least one spouse must pass the ownership test, and both spouses must pass the use test. If you excluded a gain from an earlier principal residence sale under these rules,…
…20% corporate alternative minimum tax (AMT) Tax break positives These changes generally apply to both pass-through entities and corporations: Doubling of bonus depreciation to 100% and expansion of qualified assets…
…many other types of businesses besides manufacturing companies. Sec. 199 deduction 101 The Sec. 199 deduction, also called the “domestic production activities deduction,” is 9% of the lesser of qualified…
