Withum

AUGUST 6, 2021

127

127

RitaKeller

AUGUST 6, 2021

“The world is a dangerous place, not because of those who do evil, but because of those who look on and do nothing.” – – Albert Einstein. This week’s Flashback Friday is SO OLD that I am not able to provide a link. So, I am copying and pasting it into this post. I thought it would be fun to look back on my blog posts from the very first year I began writing this blog – 2006.

CPA 45

CPA 45

Withum

AUGUST 6, 2021

65

65

KROST

AUGUST 6, 2021

The Tax Cuts and Jobs Act passed in December 2017 limited the state and local tax (SALT) deduction for individuals to $10,000. States have worked to find ways around the limit using various methods and gimmicks, which the IRS has rejected until recently. The IRS has issued guidance that allows states to work around the $10,000 limit using pass-through entities, but this required legislative action by the state.

California 52

California Tax tax return Real Estate 52

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Withum

AUGUST 6, 2021

59

59

LyfeAccounting

AUGUST 6, 2021

Today, we want to share some breaking news with you regarding government contracts. According to the SBA , the federal government just handed out over $145 billion dollars in government contracts for small businesses. For some context, this exceeds what the government spent in the prior year by over $13 billion dollars. The federal government is clearly ramping up its spending to protect the backbone of the economy – small businesses.

Government 52

Government small business accounting accounting and finance CPA 52