Vernoia, Enterline + Brewer, CPA LLC

Archive for October, 2018

Changes to real estate rehabilitation tax credit

The rehabilitation tax credit offers an incentive for owners to renovate and restore old or historic buildings. (more…)

Tax law changes may affect business owners

The Internal Revenue Service reminds business owners that tax reform legislation passed last December affects nearly every business. (more…)

Low-income housing units offered to displaced victims recent disasters

Low-income housing units nationwide may be offered to displaced victims of Hurricanes Michael and Florence, other recent disasters

The Internal Revenue Service has provided temporary relief from certain requirements of the Internal Revenue Code to allow owners and operators of low-income housing projects located anywhere in the United States and its territories to provide temporary emergency housing to individuals who are displaced by a major disaster from their principal residences, regardless of income. (more…)

Small business, self-employed should plan now for new changes

10_29_smallbusiness

With just a few months left in tax year 2018, the Internal Revenue Service today urges small business owners to learn about how the new tax law changes may affect them. (more…)

100-percent depreciation deduction benefits business taxpayers

Tax reform legislation passed in December 2017 includes changes that affect businesses. One of these changes allows businesses to write off most depreciable business assets in the year they place them in service. (more…)

Are You a Member of the Sandwich Generation?

If you’re currently taking care of your children and elderly parents, count yourself among those in the “Sandwich Generation.” Although it may be personally gratifying to help your parents, it can be a financial burden and affect your own estate plan. Here are some critical steps to take to better manage the situation.

10_31_sandwichgeneration (more…)