Tag: Tax Cuts and Jobs act
New federal tax rules on tips spark confusion
John Elkhay, co-owner of the restaurant company Chow Fun Inc., is no stranger to navigating regulatory curveballs.
With his company managing more than 200 employees...
Ending taxes on home sales would be no help to most
Not long after U.S. housing prices reached a record high this summer – the median existing home went for $435,000 in June – President...
Trump’s plans may spur economic growth; there’s a cost
What does Donald Trump’s return to the White House mean for the U.S. economy?
I believe there are two key areas in particular where Trump’s...
Preparing for Potential Tax Changes
The upcoming 2024 election will have a major impact on tax policy, specifically provisions created by the Tax Cuts and Jobs Act (TCJA). If...
Tax cuts led to cut in charitable giving
Americans give about half a trillion dollars a year to charity. That money helps fund services for the homeless, fight diseases, run museums and...
CVS files federal lawsuit seeking $400M in tax refunds
WOONSOCKET – CVS Health Corp. has filed a lawsuit against the U.S. seeking a refund of federal income taxes to the tune of more...
Limited Deductibility of Research and Experimental and Software Development Costs
Barring any further legislation, calendar year taxpayers will not be allowed to fully deduct research and experimental (R&E) costs or software development costs when...
What’s powering the economy? Frankly, it’s a mystery
The U.S. economy’s steady growth – the longest stretch since World War II without a recession – is something of a mystery. Last summer,...
Federal tax act may be enticing foreign firms
Nearly 2,220 foreign businesses operated in Rhode Island in 2017, according to data from the R.I. Secretary of State’s Office.
But after the federal tax...
Opportunity zones: The last great neoliberal experiment
The opportunity zones created by the federal tax reform of 2017 have all been set up, and the money has started to flow. When...
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