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UPDATES&INSIGHTS: TAX – April 2018

UPDATES&INSIGHTS:TAX is a HoganTaylor Tax practice publication designed to help you keep up with the latest tax issues impacting your organization.

In this issue, you will learn how the Tax Cuts and Jobs Act (TCJA) impacts the child credit and entertainment expenses. In addition, this issue contains two informative articles on reasonable compensation and the fine print on credit and debit cards.

In This Issue:

No Kidding: Child Credit Becomes Even More Valuable

The child credit has long been a valuable tax break. But, with the passage of the Tax Cuts and Jobs Act (TCJA) late last year, it’s now even better — at least for a while. Here are some details that every family should know. Read More

The New Deal on Employee Meals (and Entertainment)

In recent years, employers providing meals to employees has become somewhat common for many midsize to large companies. However, a new tax law change that may curtail the practice. Read More

What is “Reasonable Compensation,” Anyway?

The issue of reasonable owners’ compensation often comes up in federal tax inquiries. But it may also be an issue in shareholder disputes and divorce cases. Read More

Getting to Know Your Credit and Debit Cards a Bit Better

Virtually everyone has a credit and debit card these days. But many of us still live in fear of these plastic necessities because we’re not terribly familiar with the fine print of the arrangements under which they operate. Let’s get to know them a bit better. Read More