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Tax Reform Archives | Delap CPA

31 Dec

New Rules on Interest Expense Deduction and Depreciation for Auto Dealers

December 31, 2018 | By | No Comments

The Tax Cuts and Jobs Act of 2017 (TCJA) was beneficial to taxpayers in many ways. One would hope so considering the name of the Act. However, there were a few aspects of the TCJA that were unfavorable from the taxpayer’s standpoint. Here we will look at just one of those unfavorable provisions in relation […]

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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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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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30 Oct

Update: Opportunity Zone Proposed Regulations

October 30, 2018 | By | No Comments

October 29, 2018 — At this point, you may have heard about investing in Opportunity Zones (OZ).  We’re excited to share some highlights about new information recently released. On October 19th, the Department of Treasury published proposed regulations answering many of the questions we had when OZ’s were first introduced in the Tax Cuts and Jobs […]

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