Aspire. Ascend. Achieve
18 Sep

Discussing the Estate, Gift, and Generation-Skipping Transfer Taxes

How Are They Different? Discussing the Estate, Gift, and Generation-Skipping Transfer Taxes The estate tax, popularly referred to as the “death tax,” is much less of a concern for most Americans than the political rhetoric makes it out to be. The Tax Policy Center estimates that only 1,700 estates will owe taxes this year, which […]

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06 Sep

Health Care Industry Outlook Still Uncertain Post-ACA Individual Mandate Repeal

Health Care Industry Post-ACA Mandate Repeal | Spire Group, PC When Congress passed federal tax reform legislation late last year, lawmakers included a repeal of the Affordable Care Act’s (ACA) individual mandate. As a result, starting in 2019, individuals will no longer face a penalty if they fail to get health insurance. Businesses involved in […]

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28 Aug

Tax Reform’s Changes to the Kiddie Tax

The Tax Cuts and Jobs Act (TCJA) completely overhauled so many areas of our corporate and individual tax code that some of the smaller regulatory tweaks have been overlooked in their wake. The “kiddie tax” is one of those changes that slipped under the radar. As tax planning season approaches, it’s important to review even […]

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21 Aug

Tax Reform’s Changes to the Child Tax Credit

Tax Reform’s Changes to the Child Tax Credit | Spire Group, PC The Tax Cuts and Jobs Act is being touted as pro-taxpayer legislation, and it’s easy to see why – the tax rates have been lowered, the AMT exemption has grown, and the standard deduction has almost doubled. However, the recent tax reform also […]

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09 Aug

Four States File Lawsuit to Nullify New Limit on SALT Deduction

Four States File Lawsuit to Nullify New Limit on SALT Deduction | Spire Group, PC As part of the Tax Cuts and Jobs Act (the Act), the limitation imposed on the state and local tax (SALT) deduction has wreaked havoc in many states. In fact, four states – Connecticut, New Jersey, New York and Maryland […]

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25 Jul

Many States Again Set to Offer 2018 Sales Tax Holidays

State Sales Tax Holidays | Spire Group, PC We’re sorry to say that federal tax law is becoming no less complex in 2018. But even though businesses and individuals must continue to try to make sense of it all, one tax-related benefit remains straightforward and cheery—all of the states that offered sales tax holidays in […]

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16 Jul

If You Owe Back Taxes, Take Note: New Jersey Just Passed a New Tax Amnesty Bill

New Jersey’s New Tax Amnesty Bill On July 1st, the State of New Jersey passed a bill that establishes a 90-day tax amnesty period for its taxpayers. This bill was introduced in March, but it went through two re-writes before the Governor approved it. As enacted, this bill will provide penalty and interest relief for […]

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03 Jul

Exploring Tax Reform’s Impact on the Real Estate and Construction Industry

Tax Reform and Real Estate/Construction | Spire Group, PC The Tax Cuts and Jobs Act (the Act) was signed by President Trump at the end of 2017. This legislation is far-reaching and encompasses an array of complex issues. All industries are affected by the Act, and the real estate and construction industry is no exception. […]

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