Welcome to our Precious Metals Blog!

We’re committed to bringing you a regular dose of accounting goodness, geared towards your industry.  But before you dive in, here is a little of the who, what, where, why and when regarding this blog.

  • Who we are – at DiSanto Priest we recognize the need for specialization in the accounting industry. Precious Metals is one of six industries which we have identified as focus areas for our firm. Our other industry focuses include Technology, Real Estate and Construction, Commercial Fishing, Manufacturing, Distribution and Retail, and Professional Services. As with many of our clients, your Precious Metals business may cross over into our other verticals so be sure to sign up for those industry updates as well by viewing their respective pages.
  • What we’re doing – our goal with this blog is to bring you timely accounting information that is relevant to your business.
  • Where – whether you’re at your desk or on the road, our online content is downloadable as well as mobile-enabled to allow you access wherever you need it.
  • Why we’re doing it – we’re in the information age. You need information and you need it now.  As your trusted advisor we’re in the best position to provide you with the latest and greatest of the accounting industry.  We want to do it in a way that allows you to gain an understanding of a topic and empowers you to take action.
  • When – we plan to update our blog monthly. Stay tuned!
New Tax Incentive for US Corporations Exporting Goods or Services to Foreign Markets
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).
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1031 Exchange – Is It Right for You?
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.
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Rhode Island Innovation Voucher Program
Rhode Island’s Commerce Corporation will begin offering grants to companies performing research and development in partnership with local universities, research centers, or medical centers.
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Physical Presence No Longer Required for Sales Tax
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.
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How to Assess Your Company's Financial Health
We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?
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New Year and New Tax Laws Bring Change to Estates and Gifts
As we continue to welcome in the first quarter of 2018 and the new tax bill, let's take a quick look at what has changed and what remains the same.
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Meal and Entertainment Provisions in the Tax Cuts and Jobs Act
As part of tax reform, significant changes were made to the ability of businesses to deduct meals and entertainment expenses.
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