Tax Cuts and Jobs Acts of 2017: Tax Implications of the new §199A Qualified Business Income Deduction
By Jennifer Kobylarz, CPA, MST The Tax Cuts and Jobs Act, passed in December 2017, created a new deduction under §199A. This deduction allows for all non-corporate taxpayers (i.e. individuals, trusts, and estates) to deduct: A maximum of 20% of Qualified Business Income (QBI) PLUS – 20% of Real Estate Investment Trust (REIT) dividends PLUS – […]
Tax Cuts and Jobs Acts of 2017: Tax Implications of Reinsurance Companies
By Jennifer Kobylarz, CPA, MST As a result of the Tax Cuts and Jobs Acts of 2017 (TCJA), there are some changes to insurance and reinsurance tax ramifications, specifically as it relates to foreign corporations and ownership. Reinsurance is defined as insurance by another insurer of all or a part of a risk previously assumed […]
Hope Scholarship Program: What it is and how it will be funded, from the State of Florida and beyond.
*This article is targeted to Automotive Dealers *Although the following information is specific to the State of Florida, we encourage you to read this article, as other states may adopt similar programs in the future. What is the Hope Scholarship Program? The State of Florida has created a new voucher program, called the Hope Scholarship Program, […]
A Fashion Revolution
We are very proud to sponsor and support this wonderful organization again this year. Our very own Jan Dulman, CPA and Partner at Rosenfield and Company PLLC is a founding board member and has been serving on the Board of Directors for the past 3 years. The Runway of Dreams Foundation leads an industry wide […]