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Welcome to the BKD 2018 Year-End Tax Advisor.

As you plan for a secure financial future, you need to be confident in your year-to-year tax planning strategies. That's why we've gathered valuable information for you on a variety of topics that may affect your tax planning efforts for the remainder of this year and well into the future. From critical tax reform updates to tips and best practices for identity theft prevention, the content within this eBook will help you navigate new tax issues and determine how they apply to your situation.

Developing an effective tax strategy often involves weighing a range of possibilities to determine the right course of action. While the following content covers several important issues that could affect you, everyone's tax situation is unique, and the Advisor is not a substitute for advice from your BKD tax professional. We encourage you to use this resource as a basis for discussions with your tax advisor during your year-end planning process.

Thank you for trusting us with your tax and accounting needs, and we look forward to serving you for years to come.
Business Tax Topics ›

Business Tax Topics

In late December 2017, President Donald Trump signed the tax legislation informally known as the Tax Cuts and Jobs Act (TCJA) into law, representing one of the largest overhauls of the Internal Revenue Code in more than 30 years. Many TCJA provisions took effect January 1, 2018, and affect virtually all U.S. taxpayers, including individuals, businesses, exempt organizations and trusts and estates.

BKD’s trusted tax advisors are here to clarify the revised tax code and help you understand how the most significant changes may affect you. Visit BKD’s Tax Reform Resource Center to take a look at industry-specific BKD Thoughtware to see tailored information about how the TCJA may affect you. 

Tax Reform

2018 Business Tax Year in Review ›

Many provisions of the Tax Cuts and Jobs Act took effect this year, and affect virtually all U.S. taxpayers, including individuals, businesses, exempt organizations and trusts and estates. Check out our summary of TCJA provisions that may affect businesses.

 

Read more

Tax Reform for Businesses

Cut through the static of the Tax Cuts and Jobs Act (TCJA) with the first in a series of episodes focused on breaking down what the new tax law means for you and your business.

Planning Points from the Proposed §199A Regulations ›

Watch this brief clip to catch up on the key takeaways from the proposed regulations under §199A.

Meals & Entertainment Deduction Assessment ›

Having trouble navigating the new meals and entertainment rules under the Tax Cuts and Jobs Act?

Our step-by-step expense assessment can help.

Qualified Business Income Deduction Assessment ›

The Tax Cuts and Jobs Act created a new deduction under IRC §199A. Not sure if you’re eligible?

Use this assessment to find out.

Bonus Depreciation & Luxury Auto Rules ›

Bonus depreciation has changed under the Tax Cuts and Jobs Act. Read on to learn more about how the expanded rules may affect businesses.

Read more details.

Business Reminders & Updates

2018 Year-End Tax Planning for Businesses ›

With new guidance on the Tax Cuts and Jobs Act continuing to be released, taxpayers must be vigilant as they begin the year-end tax planning process.

 

Read on for details.

Information Reporting Reminders & Best Practices ›

Does your organization make wage payments to employees? These transactions, along with certain others, must be reported to the IRS.


Read on for a breakdown of some reporting rules and best practices.

2018 Affordable Care Act Update ›

Although the individual mandate was effectively eliminated beginning in 2019, employers should be aware that other Affordable Care Act provisions remain in effect, including the employer mandate. Read on for more information about reporting requirements for employers.

Read more details

Risk Modeling – Examinations for Exempt Organizations ›

The IRS is using risk modeling to help streamline its decision making on e-filed Forms 990, 990-EZ and 990-PF. To help mitigate the risk of a review, exempt organizations should carefully review returns for accuracy.

Read on for details.

Planning for the Future – Get Unstuck ›

Business owners need to employ detailed planning strategies long before an ownership transition takes place.

Read on for tips on where to begin with this process.

IRS Campaign-Based Exams: Second-Year Update ›

The IRS Large Business and International Division is conducting compliance campaigns as part of a move toward issue-based examinations.

Read on to learn more about campaigns announced so far this year.

DID YOU KNOW?

While the employer’s deduction for qualified mass transit and parking benefits was disallowed under the TCJA, the employee income exclusion for these benefits (except qualified bicycle commuting reimbursements) didn’t change. Click here to learn more about the new law’s effect on employees and fringe benefits. Check out these tips to help with your fringe benefit reporting analysis.