AHP Blog

Created: Friday, January 25, 2019

Will You Owe Tax on Your Parking Lot?

The Tax Cuts and Jobs Act (Act) legislation signed into law on December 22, 2017, was sweeping in several ways.  The Act has eliminated any deduction for business entertainment expenses, eliminated 2% miscellaneous itemized deductions for individuals, set the Corporate tax rate to a flat 21%, and created a new deduction for individuals who own pass-through entities, to name a few of the significant changes. 
Created: Wednesday, January 16, 2019

2018 Tax Payments Fall Short?

The IRS announced that it is waiving the estimated tax penalty for many taxpayers whose 2018 federal income tax withholding and estimated tax payments fell short of their total tax liability for the year.
Created: Saturday, January 12, 2019

Ideas to Strengthen Your Business in 2019 and Beyond

New Year's is traditionally a time to make resolutions for the upcoming months. Once you set your personal goals, it's time to get serious about your business goals. Here are ten resolutions you might consider making — and sticking to — to put you on track to prosper in 2019.
Created: Wednesday, January 9, 2019

The Deductible Mileage Rate for Business Driving Is Increasing for 2019

In case you missed it, the IRS has announced the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Created: Wednesday, December 19, 2018

Revenue Recognition: Private Companies Prepare for New Rules

Private companies that follow U.S. Generally Accepted Accounting Principles (GAAP) are running out of time to implement the new revenue recognition rules. Are your accounting systems and personnel ready for this fundamental shift in financial reporting? The effects will likely be more far-reaching than expected, based on feedback from public companies that implemented the changes in 2018.
Created: Wednesday, December 12, 2018

Gender-Based Pay Discrimination Allegations: Is Your Business Vulnerable?

Laws and regulations governing gender-based pay equality have been on the books for decades. But equal pay for men and women has become a hot button in the business world, thanks to the #MeToo movement and some recent surveys documenting widespread pay disparity.
Created: Wednesday, December 5, 2018

Tax Cheer for Holiday Gifts to Employees

With the holidays fast approaching, you might want to reward your employees for all their hard work in 2018. Gift-giving ideas include gift cards, holiday turkeys and achievement awards. Although your intent may be essentially the same in all these situations, the tax outcome for recipients of your goodwill may be quite different. Typically, it depends on the value and type of gift or award.
Created: Friday, October 19, 2018

IRS Issues Guidance Deducting Meals Bought During Entertainment

The IRS recently provided transitional guidance about the deductibility of expenses for business meals that are purchased in an entertainment context. (IRS Notice 2018-76) Until proposed regulations are published, taxpayers can rely on this guidance for the treatment of expenses for the business meals described.
Created: Friday, October 12, 2018

National Cybersecurity Awareness Month: Understanding Organizational Cyber Risks

Throughout October, AHP will be releasing several blog posts that look at the concept of cybersecurity from several angles. These posts will include practical takeaways to improve cybersecurity whether at your business, organization, or home. Today’s post looks at the concept of understanding several corporate or organizational cyber risks.
Created: Wednesday, October 3, 2018

Tax Reform: Which Changes Are Temporary vs. Permanent?

The Tax Cuts and Jobs Act (TCJA) includes a bevy of important tax changes for individuals and businesses. However, it's sometimes hard to keep track of which changes are permanent and which are scheduled to expire at the end of 2025 — unless Congress extends them.