News & Events

TCJA May Restrict Deduction Of Losses From Pass-Through Entities

Operating Loss

The TCJA Changes Some Rules for Deducting Pass-Through Business Losses It’s not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. The Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole...

Reviewing Asset Protection

Reviewing Asset Protection

Good Insurance Is Just the Beginning For many contractors, any discussion about asset protection revolves primarily around various types of insurance. While insurance is a critical component of an asset protection program, it’s only part of a larger, more comprehensive effort. If you haven’t reviewed your company’s asset protection strategy...

Clarifying Donor Restrictions

Donor Restrictions

New Reporting of Net Assets Starting Soon New rules set to take effect for the fiscal year beginning after Dec. 15, 2017 (with early adoption permitted) will change the way nonprofits report and describe their net assets. These changes will reduce the number of net asset classes from three...

Mixing Business With Pleasure – What You Can Claim

Work Vacation

Can you Deduct Business Travel When it’s Combined With a Vacation? At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to offset some of the cost with a tax deduction can sound appealing....

David Lieng Promoted to Supervisor

David Lieng

Sansiveri is pleased to announce the promotion of David Lieng, CPA to Supervisor. David will manage audits, reviews and compilation engagements.  He will also provide consulting services to clients in industries including manufacturing & distribution, construction and professional services. He will supervise the audit of employee benefit plans including...

How Can Audit Techniques Guides Prepare You for an Audit?

Audit Techniques Guides

IRS Audit Techniques Guides Provide Clues to What May Come Up if Your Business is Audited IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries, such as construction. Others address issues that frequently arise in...

2018 May News in Review

Sansiveri’s 2018 May News in Review is a summary of news, events and links that we shared throughout the month of April. Just in case you missed an earlier post or email, this issue includes information on classifying workers; the Tax Cuts and Jobs Act (TCJA) on 2017...