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12 Jun

Considerations for Business Entity Selection Under Tax Reform

Considerations for Business Entity Selection Under Tax Reform | Spire Group, PC C Corporation or S Corporation? It All Depends. Ever since Congress enacted the Tax Cuts and Jobs Act in December, many business owners are reconsidering which business entity makes the most sense for their particular business. With the new, lower tax rate for […]

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25 Apr

States Have Vested Interest in Supreme Court Internet Sales Tax Case

Supreme Court Internet Sales | Spire Group, PC Billions of Dollars From Online Retailers at Stake States across the country are anxiously watching as the Supreme Court hears arguments in a long-awaited challenge to Quill Corp v. North Dakota, the ruling which prohibits states from collecting sales tax on vendors lacking an in-state physical presence. […]

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12 Apr

Tax Reform: How to Navigate Your Path to Depreciation Deductions

Depreciation Deductions and Used Property | Spire Group, PC Used Property Qualifies Under New Tax Rule Overview A taxpayer-friendly provision included in the freshly passed tax reform package allows bonus depreciation to expand to 100 percent for qualified property placed into service after Sept. 27, 2017 and before Jan. 1, 2023. Also of note: Bonus […]

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12 Mar

Employer-Owned Life Insurance Benefits May Be Subject to Income Tax

Employer-Owned Life Insurance Benefits May Be Subject to Income Tax | Spire Group, PC As a business owner or employee benefits specialist, you may be aware that the Pension Protection Act was enacted in 2006 to increase oversight of retirement accounts and hold businesses accountable for underfunded accounts. However, what many employers don’t know is […]

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21 Feb

Tax Reform and Its Impact on Alimony

Alimony Tax Treatment | Spire Group, PC We’re not here to tell you that alimony payments are a thing of the past; they’re very much alive. However, the tax treatment of alimony for the payer and the recipient is changing as a result of the Tax Cuts and Jobs Act of 2017. Owing to tax reform, […]

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