by Kernutt Stokes | Dec 14, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
There are several major types of business entities, including S Corporations, C Corporations, Limited Liability Companies (LLCs) and self-employment. Each type of structure has its own advantages and disadvantages when it comes to taxes, assets and liability...
by Kernutt Stokes | Nov 28, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
Qualified charitable distributions (QCD) have been a key component of many tax strategies since they were first introduced in 2006. Up until the passage of the Tax Cuts and Jobs Act (TCJA), QCDs were employed by many taxpayers to simultaneously make charitable...
by Kernutt Stokes | Nov 27, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
Each type of beverage manufacturer is unique in their industry and faces their own set of challenges, whether in material acquisition, manufacturing and distribution, or food safety legislation. The Kernutt Stokes Beverage Industry team specializes in services to...
by Kernutt Stokes | Nov 27, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
By Jennifer Cranford, CPA The 2017 Tax Reform Act, which was signed in to law on December 22, 2017, includes changes in the deductibility of entertainment expenses. Entertainment costs are now 100% non-deductible. Business meals, on the other hand, remain 50%...
by Kernutt Stokes | Nov 27, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
By Erik Parrish America has long been termed “the land of opportunity.” The phrase dates back to the 16th century when immigrants came to the land to enjoy a fresh start, build a new future for their families, and partake in the abundance that the land had...
by Kernutt Stokes | Nov 27, 2018 | The Kernutt Stokes Advisor, Volume 3 Issue 4
Bloomberg recently released projected tax rates, brackets and other numbers that apply to the 2019 tax year (the IRS will release the official numbers later this year). Note, these are NOT the numbers that apply to the 2018 taxes you file in 2019, but to the income...
