This past weekend President Trump issued an Executive Order directing the Treasury Secretary to use his authority to defer the withholding, deposit and payment of the employee’s share of...
Continue ReadingWe have implemented a phased approach for returning to our offices that allows us to modify our approach to service delivery as situations change without any service disruptions. In the meantime and in the interest of public health and the safety of our community, our teams will continue working remotely whenever possible to provide the same high-quality service you have come to expect. Utilizing state-of-the-art technology, we are committed to meeting all of your assurance, tax, and advisory needs to help you navigate a business environment filled with challenges and opportunities. To discuss a specific need that can’t be handled remotely, please contact your Freed Maxick representative directly.
This past weekend President Trump issued an Executive Order directing the Treasury Secretary to use his authority to defer the withholding, deposit and payment of the employee’s share of...
Continue ReadingIntention: more closely align info partnerships report to partners with forms that partners use The IRS is in the process of redesigning the U.S. tax return for partnerships in order to...
Continue ReadingOne outcome of the Tax Cuts and Jobs Act (TCJA) is the increased scrutiny by the IRS of S corporations and their shareholders with regard to certain tax liability issues. Specifically, the...
Continue ReadingThe Tax Cuts and Jobs Act (TCJA) of 2017 reduced tax rates for most individuals, introduced a new deduction for owners of sole proprietorships and pass-through entities, increased the...
Continue ReadingTrust Residency Rules: Supreme Court Limits State Ability to Tax Trust Income The U.S. Supreme Court has ruled against a North Carolina law that attempted to collect income tax from a...
Continue ReadingAs is typical throughout the tax year, some states change their tax rates and their apportionment ratios and methods. Calendar and fiscal taxpayers alike are affected by the changes. And...
Continue Reading