Brady Ware News

Long-Term Gains and Dividends Tax

Many Taxpayers Will Pay No Tax on Long-Term Gains and Dividends Do you have long-term capital gains or qualified dividends? If so, there’s good news: After the Tax Cuts and Jobs Act (TCJA), you might still qualify for the 0% federal income tax rate on these types of income. The rate is only available for…

Read More

Georgia tax credits update

Are you taking advantage of Georgia tax credits? By: Kiersten Gaudet, Senior Manager Georgia companies are giving an unexpected tax windfall to the state government. Some companies hiring new staff are passing up a credit of up to $4,000 per new job. Companies involved in research and development may be missing out on Georgia tax…

Read More

Recent Change in Reporting Lease Obligations

New accounting rules issued by the Financial Accounting Standards Board (FASB) will require companies that follow U.S. Generally Accepted Accounting Principles (GAAP) to report lease obligations on their balance sheets. This change is intended to improve transparency about current off-balance-sheet leasing activities. Accounting Standards Update (ASU) No. 2016-02, Leases (Topic 842), will require companies that…

Read More

Tax Reform and C-Corporations

How Tax Reform Affects Tax Planning for C Corporations One of the biggest changes under the Tax Cuts and Jobs Act (TCJA) is the permanent installation of a flat 21% federal income tax rate for C corporations for tax years beginning after 2017. The new 21% rate applies equally to personal service corporations (PSCs). (Under…

Read More

Choose the Right Business Valuation Expert

Choosing the right Business Valuation expert can yield exponentially different outcomes by Michael Stover, CPA/ABV Sometimes nobody believes the expert’s opinion, not even their client. A recent decision in Ohio’s Fifth District Appeals Court affirmed the lower court’s decision in a domestic relations case concerning the value of the husband’s interests in two family-owned agri-businesses….

Read More

Scroll Up