February 2018 – Southern Cloud Accounting

Overview of the retirement plan changes in the TCJA Act of 2018

Dear Client,

Here’s a look at some of the more important changes in the TCJA that affect retirement plans. Except with regard to the disaster-related provisions (which contain special effective dates), the changes are effective for tax years beginning after 2017.

Recharacterization of IRA contributions. An individual who makes a contribution to a regular or

Roth IRA […]

Tax Reform Allows 100 Percent Deductions for Presentation Expenses

Tax reform did much damage to tax deductions for business entertainment and meal expenses.

But meals served at business presentations survived the entertainment and prospect and client meal bloodletting. And not only did presentation expenses survive as deductions, but they also continue as 100 percent business expense […]

Monthly Archives: February 2018

Overview of the retirement plan changes in the TCJA Act of 2018

Tax Reform Allows 100 Percent Deductions for Presentation Expenses