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. …
Become a Sponsor of the 13th Annual Curchin OpenJuly 2, 2018
Everyone’s favorite indoor miniature golf tournament is back for the 13th year! We are now seeking sponsors and prize donations to help make this year’s event a success! Register for a sponsorship online here or reach out to Blaise Furiato at 732-747-0500 or bfuriatio@curchin.com. Sponsorship Opportunities Support this year’s two charity recipients, Ocean of …
How the Tax Cuts and Jobs Act of 2017 Impacts Estate PlanningJune 7, 2018
2018 brings several changes – and a few constants – to estate and gift tax law. At Curchin’s recent seminar on the key areas of change in the Tax Cuts and Jobs Act of 2017 (TCJA), I discussed the most noteworthy items relating to estate and gift tax, including: Basic Exclusion Increase Under the …
AICPA Requests ‘Immediate Guidance’ from IRS on Pass-Through IncomeJune 7, 2018
The Tax Cuts and Jobs Act of 2017 (TCJA) allows for a 20 percent deduction on qualified business income (QBI) for pass-through entities, as stated in Section 199A of the new Internal Revenue Code. However, defining “qualified business income” has become somewhat problematic, as certain businesses – including many professional services firms – are excluded …
International Tax Reform under the Tax Cuts and Jobs Act of 2017June 7, 2018
The Tax Cuts and Jobs Act of 2017 (TCJA) impacts companies doing business internationally, particularly in regard to U.S. taxes on earnings of profits offshore and repatriation. There is also a notable corporate tax deduction. Territorial System The previous “worldwide” tax system is being transitioned to a territorial model beginning in 2018. This means income …
May/June 2018 NewsletterJune 6, 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: How Tax Cuts and Jobs Act of 2017 Impacts Estate Planning, AICPA Requests “Immediate Guidance” from IRS on Pass-Through Income, International Tax reform Under the Tax Cuts …
The Curchin Group Earns SBACNJ FAME Award for ‘Curchin Open’ FundraiserApril 30, 2018
The Curchin Group, LLC, a mid-sized, full-service accounting firm based in Red Bank, N.J., received the award for Associate Special Promotion/Event in the Shore Builders Association of Central New Jersey’s (SBACNJ) 14th Annual FAME Awards March 2 at South Gate Manor in Freehold, N.J. Curchin was honored for the 2016 Curchin Open, the 11th annual …
Companies that Care: The Curchin Group named a “Champion of Good Works” by the Commerce and Industry Association of New Jersey (CIANJ) for Second Year in a RowApril 19, 2018
The Curchin Group was named a “Champion of Good Works” by the Commerce and Industry Association of New Jersey (CIANJ) at its Fifth Annual Chairman’s Reception, honoring the philanthropic efforts of the local business community. The Curchin Group was recognized in the “Supporting New Jersey Charities” category along with five other organizations. With over …
Tax Cuts and Jobs Act of 2017: What You Need to KnowFebruary 15, 2018
By: Edward Rigby, CPA Most of the new tax law went into effect January 1, 2018, impacting business owners and individuals for the 2018 tax year. This article focuses on educating our clients and helping them understand how the changes will affect them and their tax services. Here are the key provisions: Major Corporate Tax …