Tax Resources

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Tax Cuts and Jobs Act of 2017 Resources

Resources specifically around the Tax Cuts and Jobs Act of 2017.

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Selected State Responses to the TCJA of 2017

The federal tax reform package has many far-reaching effects for businesses. While the reforms only address federal taxes, the implications will also affect a large number of states depending on how strongly state relies on the federal law for its own tax revenue.

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Tax Planning Opportunities for 2018

Many of the 2017 tax reform changes offer planning opportunities for 2018 and beyond. Consulting with your tax specialist is the best way to plan, but here are a sampling of opportunities should know about.

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WOTC and R&D Made the Cut

Major changes to the current tax law occurred with the Tax Cuts and Jobs Act including credits and deductions for both individuals and businesses.

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Updated Tax Table for Lousiana

The Louisiana Department of Revenue implemented new tax withholding tables on February 16th to comply with the federal tax reform. Although federal income taxes decreased because of the new tax law, Louisiana state income taxes will increase due to a clause in the state constitution linked to federal income tax policy that allows one tax to increase while the other tax decreases.

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Is That Meal Deductible?

Meals and entertainment expenses have always been popular deductions for business owners, check out the new guidelines in the Tax Cuts and Jobs Act. 

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Mississippi Sales and Use Tax for Contractors

What you need to know. The sales tax and use tax rates are both 7% for the state of Mississippi. Sales tax is applied to the sale of tangible personal property and various services. Use tax is applied to goods purchased for use, storage or other consumption in Mississippi.

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Benefits of Year-End Tax Planning

With the end of the 2017 calendar year quickly approaching, now is the time for year-end tax planning for both businesses and individuals. 

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2018 IRS Updates and Tax Tables

The new standard mileage rate for 2018, extended deadlines for supplying Affordable Care Act (ACA) Forms and updates to the IRS Income Tax Withholding Table

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The Tax Credit that Could Save Contractors Thousands

With the impending tax reform expected in the near future, it’s important to take full advantage of the current tax credits that are available for private-sector businesses. One tax credit that provides a substantial benefit to construction business owners is the Work Opportunity Tax Credit (WOTC).

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Tax Reform Worksheet - Business

A comparison of the tax law for businesses following the passage of the Tax Cuts and Jobs Act. Highlighting the tax rates/ brackets, deductions and accounting methods.

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Tax Reform Worksheet - Individual

A comparison of the tax law for individuals following the passage of the Tax Cuts and Jobs Act. Highlighting the tax rates/ brackets, deductions/exemptions, estate, gift and generation-skipping transfer (GST).

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When Will the IRS Start Providing Guidance on the New Tax Law?

Some of the earliest guidance will end up being issued in the form of IRS announcements, notices, and FAQs, along with revenue rulings and revenue procedures.

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How an ESOP Improves Employee Retention and the Bottom Line

For many banks, an ESOP is a tax-effective way to increase their employees’ retirement accounts and their sense of belonging. Here’s what you need to know.

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Struggling Communities Benefit from NMTC Program; Investors Benefit from Tax Credits

Programs like the NMTC Program seek to infuse struggling communities with new capital from business investors who receive tax credits for their contributions.

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1099 Guide

The 1099 Guide is a reminder of who should get a 1099 and the process of determining the amount to report.

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Tax Time Checklist

To ensure you’re not missing any pertinent information, we’ve compiled a checklist of the not-so-obvious items that you may need to provide your tax-preparer.

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Tax Reform: Expectations for 2018

HORNE LLP discusses proposed Tax Cuts and Jobs Act, including the most relevant individual, pass-through, and corporate provisions of the legislation and how the impending changes will impact you in 2018 and beyond.

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6 Myths About the R&D Credit That Cost Businesses at Tax Time

Here’s a look at a few of the misconceptions that have cost businesses millions in missed tax credits over the years.

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Payroll Facts and Calculations

The Payroll Facts and Calculations sheet lists the current year and next year’s thresholds to help you prepare for payroll.