DiSanto, Priest & Co. can help you establish best practices for your business in your industry. With our full-service approach and Commercial Fishing industry experience, we can provide efficiencies to help you reach your full potential. You need a strategic partner who understands regulatory restrictions, bookkeeping, and everything in-between.
New Tax Incentive for US Corporations Exporting Goods or Services to Foreign Markets
Sep 5, 2018
For tax years beginning after December 31, 2017, the Tax Cuts and Jobs Act (TCJA) provides a new permanent deduction for domestic C-corporations that generate income from serving foreign markets. The deduction would reduce the federal tax rate on such income from 21% to 13.125% (increasing to 16.41% after 2025).
Do you own a piece of real estate whose fair market value is greater than its basis? Are you contemplating selling and buying another? A 1031 Exchange may be for you! If you are contemplating a like-kind exchange, at Disanto, Priest & Co. we would be more than happy to assist you.
Physical Presence No Longer Required for Sales Tax
Jun 21, 2018
In a 5 - 4 decision, the Supreme Court ruled in favor of state authority to require online retailers to collect sales taxes without regard to physical presence in the state. Although states stand to gain much-needed tax revenues, there may be consequences for online retailers that do business in multiple states.