On December 22, 2017, President Trump signed tax reform legislation that represents the most significant changes to the Internal Code since 1986. The tax reform bill affects both individual and business taxpayers. Read our summary on the changes for businesses.
FF&F News & Events
On December 22, 2017, President Trump signed tax reform legislation that represents the most significant changes to the Internal Code since 1986. The tax reform bill affects both individual and business taxpayers. Read our summary on the changes for individuals.
Farkouh, Furman & Faccio LLP today announced that it will be joining forces with CPI Associates Inc. (“CPI”), an established tax advisory firm in Manhattan.
Alliott Spotlight: How to Get Younger People and Emerging Leaders More Engaged in Bringing Business Into the Firm
In her article, Sue-Ella Prodonovich–a business development advisor for professional service firms, and a speaker at the 2017 Alliott Group Worldwide Conference–explains several ways through which firms can get their junior-level professionals to be more engaged and motivated to bring in new business.
The House has passed the legislation to overhaul the U.S. tax code, further advancing a reform bill which is believed to be “the most comprehensive tax reform bill in a generation.”
Ways and Means Committee Chairman Kevin Brady offered his second amendment to the Tax Cuts and Jobs Act on November 9, 2017, before the House committee voted to advance the tax reform bill. The amendment refines several provisions in the Tax Cuts and Jobs Act. Also on November 9, Senate Republicans released their plan for overhauling the tax code, proposing a one-year delay in the cutting of the corporate tax rate, while maintaining popular tax breaks used by middle-class households.
Part II of the Personal Financial Statements blog, this second installment discusses how estimated current value of assets and liabilities are determined when preparing personal financial statements.
On November 2, the Trump administration unveiled the long awaited details of its tax plan which, if passed, could be the most drastic U.S. tax legislation rewrite in nearly 30 years.
Many are familiar with the traditional balance sheet and income statement used for reporting and record-keeping purposes by business entities. Personal financial statements, which are often underestimated in importance, serve a similar purpose by reporting the assets, liabilities and net worth of an individual, married couple or family at a point in time.