Author Archives: Megan Bierwirth

Section 199A Deduction: 2019 Tax Year Implications for Real Estate, Service Businesses and Partnerships The Section 199A deduction was rolled out in December 2017 as part of the Tax Cuts and Jobs Act. Almost as soon as it was introduced, it was met with claims that it was convoluted and needed significant clarification. In response […]

The rollout of the Section 199A deduction has been cause for celebration for many businesses and business owners, but the calculation of the deduction isn’t easy, especially if taxable income is between the deduction threshold amounts. As a CPA or tax preparer, you need to be ready to help calculate the Sec 199A deduction for […]

In May 2014, FASB issued an Accounting Standards Update regarding Topic 606: Revenue from Contracts with Customers, along with various amendments, to be implemented in 2017 and 2019. In this post, we’ll talk about exact adoption dates of the new construction revenue recognition standards, the major updates, and how you can help your construction clients […]