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Tax Archives | Delap CPA


30 Nov

Passthrough Deduction for Advertisers, Marketing and Creative Agencies

November 30, 2018 | By | No Comments

  One of the best opportunities in the new tax law for business owners in the creative and advertising industry is the new passthrough deduction. Called the 199A deduction, this new law allows business owners a deduction equal to 20% of qualified business income passed through to them from sole proprietorships, single-member LLCs, partnerships, and […]

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27 Nov

C Corporation to S Corporation: Why the Hype?

November 27, 2018 | By | No Comments

Note: This article, originally posted March 2, 2017, has been updated as of November 27, 2018, by Benjamin Miller to reflect current rates and to consider the impact of 2018 tax reform. If you are the owner of a closely held C corporation, chances are your accountant has mentioned something to you about converting to […]

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13 Nov

Should Tax Reform Change your Home Buying Strategy?

November 13, 2018 | By | No Comments

Looking to purchase a house? Several factors require consideration, from rising interest rates to the economic climate. Have you thought about tax reform? The Tax Cuts and Jobs Act (TCJA) has changed the tax benefits of home ownership, financing and other related topics for taxpayers. Delap is here to answer the question, does tax reform […]

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08 Nov

Tax Reform Depreciation Updates

November 8, 2018 | By | No Comments

The Tax Cuts and Jobs Act (TCJA) made some significant changes to depreciation that can help reduce your tax bill!  Under the new law, you will be able to deduct more than last year. Two ways to get deductions: Section 179 Property Section 179 maximum deduction increased from $500,000 to $1 million. The new law […]

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07 Nov

What’s Next: Remaining Opportunity Zone Questions

November 7, 2018 | By | No Comments

November 6th, Delap hosted a webinar covering the details of Opportunity Zones. If you missed the live webinar we’ve shared a link to the recording below. The second set of proposed regulations are promised by the end of the year. Delap is looking to address some lingering questions and will be providing updates as soon […]

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