Brady Ware News

Bob Reynolds awarded the Dave Donaldson Award of Distinction

Brady Ware’s Bob Reynolds awarded the Dave Donaldson Award of Distinction Brady Ware’s Bob Reynolds was awarded the 2019 Dave Donaldson Award of Distinction – the “3D.” The award honors an individual volunteer who, through his tireless efforts, has helped to launch BBB to become its next best version of itself. Bob Reynolds provided expertise,…

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Proposed Regs Would Tax S Corporation Income Otherwise Allocable to Nonresident Alien Owners of ESBTs

Proposed Regs Would Tax S Corporation Income Otherwise Allocable to Nonresident Alien Owners of ESBTs The IRS has issued proposed regs that would ensure that the income of an S corporation will continue to be subject to U.S. income tax even when a nonresident alien (NRA) is a deemed owner of a grantor trust that…

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Crunching Numbers for Multiple Corporations

Crunching Numbers for Multiple Corporations It might be advantageous from a tax standpoint to run a business through multiple entities. For example, a construction company might form a separate company to own and lease its trucks and equipment back to its related entities. Or a corporation might transfer appreciated property to an affiliated corporation in…

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Batten Down Your Inclement Weather Policy Before the Next Storm

Batten Down Your Inclement Weather Policy Before the Next Storm It’s never a good idea to start creating personnel policies to cover emergency situations on the fly. Nor is that necessary if you’ve done contingency planning. You should already have in place a plan for work attendance and pay practices when a fierce storm or…

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Navigate the Tax Rules for Boats and RVs

Navigate the Tax Rules for Boats and RVs Will you be cruising the waters on your boat or camping out in your RV this year? Besides the pleasure you can enjoy through your personal property, you may also be eligible for tax breaks, if certain requirements are met. Following is a brief rundown of four…

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