MNCPA Footnote: Taxation-Business
Travel expenses: By land, sea or air -
Understand how the Tax Cuts and Jobs Act affects business travel when it comes to tax-related expenses.
A new way to do what we do -
This article will attempt to provide a brief background on blockchain technology, a high-level understanding of how it functions and what it may mean for the world of accountancy and finance.
Cash versus accrual -
It is important to pay attention to the special accounting method simplifications found in the Tax Cuts and Jobs Act, Section 13012.
Compliance challenges abound as taxpayers cope with new law -
The Tax Cuts and Jobs Act (TCJA) takes full effect this year, and there is still a lot more work to do.
View from Revenue: Working together -
On behalf of the Minnesota Department of Revenue, I’m pleased to begin quarterly contributions to Footnote to build on our ongoing partnership with the MNCPA and its members.
Practical issues related to bitcoin -
In the ever-evolving world of bitcoin, blockchains and the newest and greatest technological innovations, it’s easy to feel like your head is spinning.
The new business interest expense limitation under Section 163(j) -
Tax reform provided a reduction in the corporate tax rate from 35 to 21 percent; however, the TCJA also included revenue-raising provisions such as the revised Section 163(j).
Farm retirement planning — an income tax perspective -
As the farm economy goes into its seventh year of lower net incomes, more farmers are considering retirement.
When is ‘conformity’ not conformity? -
In a May 2019 special session, Minnesota enacted an omnibus tax bill. Many have termed this legislation as a “conformity bill”; however, the bill is much more notable for its exceptions to conformity.
The 2019 legislative session — what a difference a year makes -
Find out about key issues the MNCPA is monitoring at the Capitol. Stay current on legislative news and events with stories, tips and grassroots involvement.
New partnership tax reporting requirements -
The IRS is requiring additional information in 2018 partnership returns, some of which already have been filed and others have been extended to a Sept. 15, 2019, due date.
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