The Ins and Outs of the Section 199A RegulationsJune 3, 2019
By: Edward Rigby, CPA In January the IRS finalized the regulations providing guidance on the Section 199A deduction for qualified business income (QBI). The final regulations retain the majority of the rules contained in the proposed regulations that were issued last August. They provide clarification on issues such as when businesses may be aggregated in …
Wages and Labor: What A/E/C Firms Need to Know Right NowApril 19, 2019
New Jersey labor laws are seeing notable changes in 2019, many of which are significant for Architecture, Engineering & Construction (A/E/C) firms to consider. Developers, builders and general contractors are heavily reliant on skilled labor while simultaneously tasked with balancing employee wages, retention and profitability. If you own an A/E/C firm—or any business with employees, …
Navigating the Qualified Business Income DeductionDecember 26, 2018
The Tax Cuts and Jobs Act of 2017 brought a potentially significant tax break—some say the largest in decades—for small business owners in Section 199A. The IRS states: “Eligible taxpayers may be entitled to a deduction of up to 20 percent of qualified business income (QBI) from a domestic business operated as a sole proprietorship …
The Curchin Group to Host 13th Annual Indoor Mini Golf Tournament for Charity on November 7thOctober 1, 2018
The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., is preparing to host its 13th Annual Curchin Open Miniature Golf Tournament on Wednesday, Nov. 7, 2018 from 4 p.m. to 7 p.m. The tournament will once again take place inside Curchin’s Red Bank office, transformed into a 9-hole, fun-filled miniature …
Aug/Sept 2018 NewsletterSeptember 13, 2018
The latest issue of the Curchin Newsletter is here! You can look forward to reading about hot topics in accounting/tax/audit, firm news, and more! In this issue: Meal and Entertainment Expenses as changed by the Tax Cuts and Jobs Act (TCJA), Governor Murphy and Legislative Houses Reach Budget Deal Which Includes Corporate and Individual …
Local Charities Selected to Receive Proceeds from 13th Annual Curchin Open Indoor Miniature Golf TournamentAugust 6, 2018
The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., announced today that Aslan Youth Ministries and Ocean of Love, two locally-based nonprofit organizations, will be receiving all proceeds from the firm’s 2018 annual indoor miniature golf tournament for charity, The Curchin Open. Last year, with the support of over 50 …
Tax Reform and Your Vacation HomeJuly 27, 2018
The Tax Cuts and Jobs Act of 2017 brought many changes to the treatment of vacation homes and second homes owned by high net worth individuals. An article published in Financial Advisor Magazine highlights key provisions with input from CPAs across the U.S., including Curchin’s Lynn Conover. “If the property is held out as a …
Governor Murphy and Legislative Houses Reach Budget Deal Which Includes Corporate and Individual Tax IncreasesJuly 20, 2018
By: Edward Rigby, CPA, MST On July 1, 2018, Governor Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin announced that their respective branches of New Jersey’s government had reached a compromise agreement for the fiscal year 2019 state budget. The upcoming fiscal year budget will include certain tax increases as part of …
Multi-State Tax News U.S. Supreme Court Overrules Longstanding Sales Tax Nexus Requirements in its Recent South Dakota v. Wayfair, Inc. DecisionJuly 20, 2018
By: Edward Rigby, CPA, MST On June 21, 2018, in a highly anticipated U.S. Supreme Court decision, the court overturned longstanding multi-state nexus rules requiring what is referred to as a “physical presence” test to be met in a state before that state could require an out of state business to collect and remit sales …
Meal and Entertainment Expenses as changed by The Tax Cuts and Jobs Act (TCJA)July 20, 2018
By: Peter Pfister, CPA Tax Partner With the signing of the TCJA on December 22, 2017 many changes were made to the deductibility of meal and entertainment expenses beginning in 2018. These changes may have a major impact on individual and business spending habits. Here are some answers based on a question and answer format. …