Skip to main content

Fundamental tax truths for C corporation...

The flat 21% federal income tax rate for C corporations under the Tax Cuts and Jobs Act (TCJA) has been great news for these entities and their owners. But some fundamental tax truths for C corporations largely remain the same: C corporations are subject to double taxation. Double taxation occurs when corporate income is taxed…

Depreciation-related breaks on business ...

Commercial buildings and improvements generally are depreciated over 39 years, which essentially means you can deduct a portion of the cost every year over the depreciation period. (Land isn’t depreciable.) But special tax breaks that allow deductions to be taken more quickly are available for certain real estate investments. Some of these were enhanced by…

Saying “Thank You” to our Staff

Annual Dinner 2018 2

Our Staff and guests recently gathered at Tonic, in Wilmington, DE, for our Annual Dinner. Part Holiday Celebration, part Staff Recognition, this yearly tradition is an important part of our calendar. Enjoying this time together, our Partners, Staff and their guests reflect on the accomplishments of the prior year and look ahead to the great…