Ricci & Company Insights
Our world moves fast, so you need the latest news to stay on top. Our insights give you the information you need to make better decisions and plan for a better tomorrow.
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FEDERAL TAX BRIEFS
Federal tax reform and the states: Conformity is key
On Dec. 22, 2017, President Trump signed H.R.1, the federal tax reform bill, into law, providing for the most significant modifications to the federal tax code in 30 years (more…)
June 13, 2018 -
FEDERAL TAX BRIEFS
Court affirms exclusion of assumed liabilities in acquired assets’ basis
Liabilities not assumed and not includable in basis until service is performed. Taxpayers urged to examine past, present and future acquisitions. (more…)
June 13, 2018 -
FEDERAL TAX BRIEFS
Penalty letter for employers that are Affordable Care Act noncompliant
The IRS has issued penalty letters to employers that appear to be noncompliant with the Affordable Care Act’s (ACA’s) employer shared responsibility provision. (more…)
November 12, 2017 -
SMALL BUSINESS TAX BRIEFS
2017 might be your last chance to hire veterans and claim a tax credit
Research suggests that the skills and traits of people with a successful military employment track record make for particularly good civilian employees. Hiring a veteran before year end can also provide tax benefits. (more…)
October 26, 2017 -
INDIVIDUAL TAX BRIEFS
Retirement savings opportunity for the self-employed
Contributions to qualified retirement plans generally are tax deductible or pretax. If you’re self-employed, you can boost your tax-advantaged saving by setting up a retirement plan for 2017. (more…)
October 24, 2017 -
NOT FOR PROFIT BRIEFS
Is one of your nonprofit’s board members behaving badly?
When nonprofit board members consistently miss meetings, fail to complete tasks, treat peers disrespectfully or even violate policies, it may be time to “fire” them. (more…)
October 15, 2017 -
SMALL BUSINESS TAX BRIEFS
Timing strategies could become more powerful in 2017, depending on what happens with tax reform
The timing of a business’s income and deductible expenses can have a big impact on tax liability. And timing really may be everything for businesses when it comes to 2017 year-end tax planning. (more…)
October 2, 2017