There were many tax law changes adopted in the Tax Cuts and Jobs Act of 2017 (The Act) and while most of these changes are directed at individual and corporate taxpayers, investment companies holding portfolio…
In December 2017, President Trump signed the Tax Cuts and Jobs Act (TCJA) into law. This is the most comprehensive tax reform package in over three decades and it will have a major impact on…
It’s common for owners of privately held manufacturing and distribution firms to loan and borrow money from their companies. The IRS reviews these transactions closely to determine whether they’re truly loans, or actually compensation, dividends…
Spring is the time of year that calendar-year-end businesses receive financial statements that conform to U.S. Generally Accepted Accounting Principles (GAAP) and prepare tax returns. This year, take your financial data beyond compliance and use…
Welcome to the First Quarter issue of our Quarterly Accounting Update. Each quarter, we will provide you with up-to-date information for consideration in your financial reporting and disclosures. Our goal is for you to have…
On April 2, the Governmental Accounting Standards Board (GASB) issued new guidance designed to enhance debt-related disclosures in notes to financial statements, including those addressing direct borrowings and direct placements. The new standard, GASB Statement…
Blockchain technology first gained attention as the digital ledger that makes Bitcoin transactions possible. Today, it’s migrated to other areas that could benefit from a distributed, unalterable ledger. The technology is a logical fit for…
By passing the Tax Cuts and Jobs Act (TCJA) in late December 2017, Congress granted the holiday wishes of many involved in real estate. While the TCJA brought good cheer for the business community in…
Sponsors are often on the hunt for innovative ways to fund their real estate projects, particularly when they find themselves under capital constraints that limit their ability to invest. Some sponsors turn to general partner…
The Tax Cuts and Jobs Act (TCJA) has been touted for cutting the corporate tax rate, but the law also contains some valuable goodies for smaller businesses that operate as pass-through entities, including partnerships, limited…
Bringing more than 20 years of experience in technology infrastructure and professional consulting services GREENVILLE, S.C. (March 7, 2018) – Elliott Davis, one of the largest accounting, tax and consulting services providers in the Southeast, announces…
The times they are a-changin’. By now, it is widely known that the Tax Cuts and Jobs Act included sweeping changes affecting nearly every single taxpayer. The pervasive nature of the changes has left many…
