California SALT Cap Workaround (AB 150)

California SALT Cap Workaround (AB 150)

The Tax Cuts and Jobs Act (TCJA) passed in late 2017 put a $10,000 limit on the amount of state and local taxes (SALT) individuals could subtract as itemized deductions.  As a workaround, many states have enacted legislation to allow certain pass-through entities...
Small Business Tax Deductions to Know About

Small Business Tax Deductions to Know About

Small business owners are excited to kick-start their businesses and start generating revenue, but often miss opportunities to document and claim ordinary and necessary business expenses as tax deductions.  Below are some of the most common expenses that small...