Does it really matter what accountant I use? Aren’t they all crunching numbers the same? Shouldn’t I go with the cheapest rates available? Couldn’t a computer just do this for me? Many of our clients…
The June 21, 2018 U.S. Supreme Court ruling in South Dakota v. Wayfair established that a state can require an out-of-state seller to collect sales or use tax on sales to customers in that state, even though…
The Tax Cuts and Jobs Act (TCJA) created a new general business tax credit for certain businesses that grant their qualifying employees paid family and medical leave in 2018 and 2019. The IRS now has…
One of the most valuable tax breaks in the Tax Cuts and Jobs Act (TCJA) is the new deduction for up to 20% of qualified business income (QBI) from pass-through entities. The IRS recently issued…
Entertainment industry veteran becomes the second member of Vaden Group/Elliott Davis to receive Billboard magazine award Greenville, S.C. (August 28, 2018) – Elliott Davis, one of the largest accounting, tax, and consulting services providers in the Southeast,…
Membership includes access to tools to bolster practice’s cybersecurity defense offerings Greenville, SC (August 28, 2018) – Elliott Davis, one of the largest accounting, tax, and consulting services providers in the Southeast, announces that the firm’s…
On August 23rd, the Internal Revenue Service and U.S. Treasury Department released proposed regulations regarding the use of charitable contributions made to state-controlled funds or agencies as a means to get around the new limitations…
The IRS has released proposed regulations providing guidance regarding the additional first-year depreciation deduction under IRC Section 168(k), often referred to as “bonus depreciation”. These proposed regulations reflect changes made by the Tax Cuts and…
Picture yourself holding $100,000 in capital gains from the recent sale of an asset. You realize if you don’t do any tax planning, you’ll be forced to pay $20,000 or more in taxes. So, you…
When fraud strikes, the culprit might be sitting in your purchasing department. This department is particularly vulnerable to fraud because of the volume of transactions it processes and the varying pricing and billing policies that…
The Tax Cuts and Jobs Act (TCJA) permanently lowers the federal income tax rate for C corporations to a flat 21%, starting in 2018. But manufacturers that operate as sole proprietorships and “pass-through” entities are…
The Tax Cuts and Jobs Act (TCJA) liberalizes the eligibility requirements for certain accounting methods that are generally easier to use and more flexible. As a result, more small and midsize manufacturers may be eligible…
