On December 22, 2017, President Donald Trump signed the Tax Cuts and Jobs Act (“TCJA”) into law. It is the most comprehensive tax reform seen in the United States since President Ronald Reagan’s 1986 Tax Reform Act.
Included in the Tax Cuts and Jobs Act, signed into law in December 2017, is a new tax planning technique for deferring gains from sales. By investing in Qualified Opportunity Funds, taxpayers can defer (and potentially partially avoid) gain recognition on the sale of any property.
Bennett Thrasher is proud to have assisted in creating an updated version of the DFK Transfer Pricing Handbook that was released recently. Ben Miller, BT Partner and DFK International Tax Committee Vice-Chair for Transfer Pricing, and the Bennett Thrasher TP team led the effort the update the Transfer Pricing Handbook, which involved collaboration with over 30 DFK member firms.
ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies. Adoption of this new standard was required for calendar year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.
Bennett Thrasher LLP is proud to announce the Daily Report has named it “Best Of 2018” in nine categories. Bennett Thrasher won in the category for Best Full-Service Accounting firm for the seventh consecutive year and in the category for Best Forensic Accounting Firm for the fifth consecutive year.
There is a letter for you. The return address looks ominous – as the first line reads: Internal Revenue Service. You opened it. Your worst fears were confirmed. It is the dreaded notice that your individual income tax return is under audit or, to put it in the language used by the IRS, “your return has been selected for examination.”
ASC 606, the long awaited and much debated new accounting standard for revenue recognition in the United States has now become reality for most public companies. Adoption of this new standard was required for calendar-year public companies effective January 1, 2018, and the results of adoption have now become public with the earnings releases and 10-Q filings for the first quarter ending March 31, 2018.
For many small business owners, the offer of low payment fees is a very attractive proposition. Bitcoin – a digital currency that allows low-cost peer to peer payments – offers an interesting alternative to traditional payment methods.
In a recent segment on WGBH, Boston’s public radio station, Bennett Thrasher partner Peter Stathopoulos, who leads the firm’s State and Local Tax practice and its Entertainment practice, provides insight regarding the success of Georgia’s film tax credits and as to how Massachusetts can work towards a similar outcome
Join Peter Stathopoulos, leader of Bennett Thrasher’s Entertainment Practice, for a webinar as he digs into the nuts and bolts of Georgia’s new stand-alone post-production tax credit. The discussion also includes planning considerations and likely development of the program over the next few years, based on the history of the prior film tax credit.
Gina Miller, Partner and Co-Chair of the Diversity and Inclusion Committee, and Holly Read, Project Manager and Co-Chair of the Women’s Leadership and Development Committee at Bennett Thrasher, were recent guests on Atlanta Business RadioX to discuss BT’s Women’s Leadership and Development Program.
In an article published in the 2018 March/April issue of Current Accounts, Jenny Cybul, chief human resources officer at Bennett Thrasher, discusses the best practices firms can use in recruiting and retaining talented professionals.