Rock Creek Accounting Blog

Blog posts devoted to Accounting/Business innovations.
2018 Business Tax Changes under the Tax Cuts and Jobs Act
2018 Business Tax Changes under the Tax Cuts and Jobs Act 150 150 Pauleen Miller

The recently enacted Tax Cuts and Jobs Act (TCJA) is a major overhaul for businesses. The new law permanently reduces the corporate tax rate to 21%, repeals the corporate alternative minimum tax, imposes new limits on business interest deductions, limits on meal expenses, disallowance of entertainment expenses, and other numerous changes involving expensing and depreciation.…

2018 Tax Changes for Individuals
2018 Tax Changes for Individuals 150 150 Pauleen Miller

The recently enacted Tax Cuts and Jobs Act (TCJA) is a sweeping tax package with lots of changes affecting every taxpayer. This article contains a summary of some of the more important elements of the new laws. We compare pretax Cuts laws to newly enacted law and unless otherwise noted, the changes are effective for tax years…

Individual Tax Overhaul proposal – Tax Cuts and Jobs Act of 2017
Individual Tax Overhaul proposal – Tax Cuts and Jobs Act of 2017 150 150 Pauleen Miller

Recently, the House of Representatives and Senate Finance Committee passed different versions of the proposed Tax Cuts and Jobs Act. There is still much debate about tax reform and we won’t know what will actually become law until later this year or even until early 2018. This blog provides you with a broad overview of…