One of the biggest agenda items for President Trump is tax reform.
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Tax Reform Is Still Hanging In The Balance…

One of the biggest agenda items for President Trump is tax reform. At the end of July, it was announced that the border adjustment tax (BAT) was scrapped from the current tax reform plan.  

A Tax Bill That Is Often Overlooked

A number of years ago, the IRS started requiring taxpayers to pay taxes on household employees. Although often called the “nanny tax”, it can apply to much more than just those who care for children. Payments for services related to housekeeping, gardening, care-giving for an elderly relative or spouse, or any other domestic work could be subject to this tax.

Net Unrealized Appreciation. What Are The Options?

So you are near retirement and you have accumulated company stock in an employer-sponsored retirement plan. What options do you have?

Cincinnati Office Move

Effective August 14, 2017, GBQ’s office in Cincinnati, OH has moved to Rookwood. Click here for details and our new address.

GBQ Named A Top Accounting Firm

GBQ is proud to announce it has earned the recognition of being named an INSIDE Public Accounting Top 200 Accounting Firm for the seventh consecutive year, advancing six places from 2016 to #112.

Click here to view the list of top-ranked IPA firms in its entirety.

Close-Up On Cutoffs For Reporting Revenues And Expenses

Timing is critical in financial reporting. The cutoff rules are strict and will soon require more judgment calls. Here’s a primer for companies that use accrual-basis accounting.

How External Auditors Can Leverage Your Internal Audit Work

Got internal auditors? We may be able to work together to make your financial reporting process easier and more effective … if you meet SAS 128 requirements.

Rev Up Retirement Offerings With An NQDC Plan

Attracting and retaining top executive talent is a business imperative. A nonqualified deferred compensation plan can help you win the talent race with a powerful benefits package.

4 Tough Questions To Ask Before Expanding To A New Location

For a successful business, opening an additional location to keep the company growing may seem like a no-brainer. Yet the risks to your existing operations are many. Let’s think it through.

Beware The GST Tax When Transferring Assets To Grandchildren

GST tax planning is important if you’re making gifts or bequests to grandchildren. Here’s how to avoid falling into exemption allocation traps that can lead to unnecessary GST tax liability.

Use A Noncharitable Purpose Trust To Achieve A Variety Of Goals

Does a noncharitable purpose (NCP) trust have a purpose in your estate plan? It can be used to maintain residences and collectibles, for example. But choosing the right jurisdiction for an NCP trust is critical.

Will Congress Revive Expired Tax Breaks?

College tuition, mortgage insurance premiums, mortgage debt forgiveness: These might all save you tax on your 2017 return . . . if Congress extends expired breaks for them.

A Refresher On The ACA’s Tax Penalty On Individuals Without Health Insurance

If you don’t have “minimum essential” health coverage, you need to be aware of the potential tax penalties. But calculating the penalty can be tricky.

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