Financial Statements: Impact of Tax Reform on Deferred Taxes

The Tax Cuts and Jobs Act of 2017 (the Act) was signed into law on December 22, 2017 by President Trump. While everyone has been concerned with tax planning ... read more >

Disallowance of the Entertainment Expense

The Tax Cuts and Jobs Act permanently repealed most business deductions related to entertainment, amusement, or recreation activities or a facility used ... read more >

New Limitation on Business Losses of Non-Corporate Taxpayers

The Tax Cuts and Jobs Act expanded certain pass-through limitations on losses for non-corporate taxpayers. The new provisions limit the aggregate amount ... read more >

Like-Kind Exchange Repealed for Equipment - Opportunity Still Exists for Mineral Rights

Effective after December 31, 2017, the Tax Cuts and Jobs Act repealed the favorable tax deferral treatment to company cars, drilling rigs, mining equipment ... read more >

Marginal Well Credit Creates Major Opportunity to Reduce Taxes

The marginal well credit (MWC), generally unavailable since its enactment in the early 2000s due to price limitations, is now available for natural gas ... read more >

Requirements of the SEC's Mandated Pay Ratio

The Securities and Exchange Commission’s (SEC) pay ratio rule that was mandated by the Dodd-Frank Act requires pay ratio disclosures for a company's ... read more >