Proposed Regs Provided for Code Sec. 163(j) Limit
The IRS has proposed regulations on the limitation on the business
interest expense deduction under Code Sec. 163(j), as amended by
the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has
is...
Deductions Denied to Medical Marijuana Dispensary
A nonprofit corporation that operated a medical-marijuana
dispensary legally under California law was not allowed to claim
deductions for business expenses on its federal return. Code Sec.
280E, which...
2019 Standard Mileage Rates Released
The IRS released the optional standard mileage rates for 2019. Most
taxpayers may use these rates to compute deductible costs of
operating vehicles for:...
Proposed Regs Address Foreign Tax Credit Changes
Highly anticipated foreign tax credit regulations have been issued
that provide guidance on the significant changes made to the
foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L.
115-97)....
Guidance on 2019 Withholding Rules
The IRS has provided interim guidance for the 2019 calendar year on
income tax withholding from wages and withholding from retirement
and annuity distributions. In general, certain 2018 withholding
ru...
FAQ: How are vacation homes taxed?
Vacation homes offer owners many tax breaks similar to those for
primary residences. Vacation homes also offer owners the
opportunity to earn tax-advantaged and even tax-free income from a
certain lev...
How do I? Compute the small business health insurance credit
Under the Patient Protection and Affordable Care Act (PPACA), small
employers can claim a credit for providing health insurance for
employees and their families. Health insurance includes not only
bas...
IRS introduces simplified method for claiming home office deduction
The IRS has announced a new optional safe harbor method, effective
for tax years beginning on or after January 1, 2013, for
individuals to determine the amount of their deductible home office
expenses...
Brumlow and Company, P.C., Certified Public Accountants is a full service accounting firm serving clients in Metro Atlanta and the Southeastern United States. We have been serving the Atlanta Area and our clients for over 28 years. Our expert staff provides a comprehensive array of services for businesses and individuals. Our CPA's total over 75 years experience and our staff combines to provide over 100 years of experience.
We specialize in small business and are big enough to provide you with the knowledge and expertise you need to control your business and tax liability but still small enough to care. We have expertise in a wide range of industries including non-profit, transportation, construction, professional services, wholesale and retail. We pride ourselves on our personal service and the ability to listen to your situation and recommend the right services and strategy to give you the information and the time to run your business.
As a full service CPA firm we can offer Tax Services, Attest and Audit Services, Bookkeeping, Payroll and Advisory Services. We can even assist with complex IRS representation and IRS/State collection problems. To learn more about our services please explore this site and contact us to set up a meeting to review your situation.
We specialize in small business and are big enough to provide you with the knowledge and expertise you need to control your business and tax liability but still small enough to care. We have expertise in a wide range of industries including non-profit, transportation, construction, professional services, wholesale and retail. We pride ourselves on our personal service and the ability to listen to your situation and recommend the right services and strategy to give you the information and the time to run your business. 