Passage of the Tax Cuts and Jobs Act (TCJA) in December 2017 has led to confusion over some of the changes to longstanding deductions, including the deduction for interest on home equity loans. In response,…
The ink on the Tax Cuts and Jobs Act (TCJA), which swept in a tidal wave of changes to federal tax rules, had been dry for only seven weeks before Congress passed more legislation that…
GREENVILLE, S.C. (February 13, 2018) – Rick Davis, chief executive officer of Elliott Davis, LLC, one of the largest accounting, tax, and consulting services firms in the Southeast, was recently elected vice chair of the…
The Tax Cuts and Jobs Act was signed by the President on Friday December 22, 2017. The Act makes sweeping changes to many parts of the tax law for both individuals and businesses that will…
Probably one of the last financial planning items on your list when laying out future strategies for your community bank is identifying and developing new leaders to eventually replace current ones in your organization. In…
One of the biggest corporate tax reforms under the Tax Cuts and Jobs Act is the reduction of the corporate tax rate from the highest marginal rate of 35% to a flat 21% rate. The…
Prices for commercial real estate are trending up in many parts of the country, and interest rates may soon follow, although at a slower pace. In such an environment, some property owners are starting to…
New rules are poised to take effect that could fundamentally change how many in the real estate industry will account for their revenue. Public companies must apply Accounting Standards Update (ASU) No. 2014-09, Revenue from…
Summary: ASC 740 requires that companies record certain impacts of tax reform (The Tax Cuts and Jobs Act) in the period in which the reform has been enacted. Certain technical implementation questions have repeatedly arisen…
