Real Estate Accounting White Papers

Learn how recent policy changes to Section 174 related to research and development expenses impact your organization's cash flow.

With the passage of the Inflation Reduction Act in August of 2022, several changes to the tax laws have been ...

The Probate and Family Courts require the completion of a financial statement; this financial statement is required in all matters ...

The Inflation Reduction Act of 2022 includes changes related to the credits for electric vehicles. If you are in the ...

As a result of the recently passed Inflation Reduction Act, homeowners will have a greater incentive to invest in renewable ...

The IRS has recently released the standard mileage rates used to calculate the deductible costs of operating an automobile for ...

For tax periods beginning after December 31, 2022, Rhode Island businesses may be required to electronically file returns and remit ...

As part of the Inflation Reduction Act, Congress recently extended and expanded what was previously known as the Non-Business Energy ...

The IRS has recently released the inflation-adjusted contribution limits, phase-out ranges, and income limits for various retirement-related items for the ...

The Internal Revenue Service has announced the increases in the annual gift tax exclusion and the lifetime estate and gift ...

Thanks to an obscure Massachusetts law passed back in 1986, Massachusetts taxpayers will be eligible to receive a tax refund ...

Governor Dan McKee recently announced a new relief program aimed at providing some financial relief to Rhode Island families during ...

The cash basis or accrual basis relates to how income and expenses are accounted for; hence these are referenced as ...

Learn how artificial intelligence optimizes cost in manufacturing applications. Streamline operations, drive growth, and avoid inefficiencies.

Learn about the changes being made to P.L. 86-272 for remote and online sellers of tangible personal property.

Learn about the different types of wage statements and how they affect your income determination and tax returns.

Learn the different types of crowdfunding methods, and how they should show up on your organization's tax records.

Learn the differences between Buy-Sell and Shareholder agreements, and what each document does for a company.

Due to COVID restrictions, e-audits are becoming popular, with auditors conducting inventory observations remotely.

Understand what truly drives company profit and how pandemic-era evaluations are helping companies capitalize on profitability streams.

To mitigate financial impact, Provider Relief Fund payments were issued for COVID-related expenses to help cover lost revenues.

Under the American Rescue Plan Act of 2021, new tax credits are being provided for paid leave to employees who take time off related to COVID-19.

Under the Treasury Secretary's new proposal, MNEs would pay at least a 21% tax rate on profits earned in every country with foreign operations.

Home improvements have drastically increased during the pandemic; learn about the tax implications of these projects, how they're paid for, and more.

As the pandemic continues, construction companies should take various steps to mitigate risks and costs while adhering to new compliance mandates.

As the COVID-19 pandemic continues, contractors will continue to feel its impact to accounting and finances, including GAAP requirements, and more.

The Tax Cuts and Jobs Act created legislation limiting the deductibility of business interest expense on various businesses; learn how this limitation varies by state.

If you sustain a casualty loss due to a federally declared disaster, you may deduct a casualty loss in the year before the casualty actually occurred.

For tax guidance on your Paycheck Protection Program (PPP) loan, learn about what portion of your loan my be taxable as gross income, and how this varies by state.

With the CARES Act deferring federal student loans payments during the pandemic, learn your options and best practices for financial planning.

As an employer with company parking available, learn how the Tax Cuts and Jobs Act, along with Notice 2018-99, advise on tax deductions for on-site parking.

For those struggling financially due to COVID-19, the CARES Act waives the 10% early withdrawal penalty for retirement distributions.

For tax purposes, you may benefit from IRC Sec. 469(c) (7) (B) that classifies who can be considered real estate professionals.

Learn about the public transparency, environmental responsibility, and legal accountability for acquiring and maintaining B Corporation status as a company.

The Tax Cuts and Jobs Act has many implications for contracting corporations, from new business classifications, to whether they're subject to AMT, and more.

The states of Rhode Island, Massachusetts, and Connecticut have released tax guidance for businesses with employees working remotely during COVID-19.

With the PATH Act expanding opportunities for qualified small businesses to obtain R&D tax credits, the construction industry notes specific qualifications.

Learn how sustainable manufacturing can benefit numerous facets of Rhode Island businesses, like increasing profits, attracting new customers, and more.

$20 billion in funding is available to healthcare providers in round two of the CARES Act Provider Relief Fund — learn more about the application process.

Experienced delays in supply chain distribution? Use these tips to mitigate supply chain risks when sourcing materials or products in the marketplace.

Learn how the Families First Coronavirus Response Act (FFCRA) can credit employers providing paid leave to employees due to COVID-19.

The CARES Act created the Provider Relief Fund, which reimburses healthcare providers for lost revenues and increased expenses due to the COVID-19 pandemic.

The Pandemic Unemployment Assistance (PUA) program provides assistance to individuals who aren't traditionally eligible for unemployment benefits.

The CARES Act includes a direct stimulus payment for qualifying parties, but be aware, scammers are taking advantage of the situation as well.

When staff members are working from home, it's a good time to remind everyone to be diligent in checking for potential malware and online scams.

With all of the uncertainties surrounding COVID-19, chances are you are feeling the impact. Here are some government programs to provide support.

Any successful company motivated to grow its sales volume should first focus on the existing relationships it has worked so hard to build. Leverage and revitalize current areas of business before tapping resources to develop new product lines and expand.

There has never been a better time for businesses to determine their eligibility for the employment-based Work Opportunity Tax Credit (WOTC).

The Federal Reserve’s incremental adjustments to interest rates in the past year have manufacturers reconsidering how to address capital investment needs.

The recent outcome of the Sullivan v. Sleepy’s LLC et al. civil case, and the Massachusetts Supreme Judicial Court’s (SJC’s) interpretation of the Mass General Laws has clarified how employers are required to pay commissioned retail employees. 

The implementation of the Tax Cuts and Jobs Act in late 2017 has significantly impacted the way companies depreciate their assets.

A step-up in basis is the readjustment of the value of an appreciated asset, such as real estate, for income tax purposes upon inheritance.

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.

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.

One of the ways firms and their business clients are utilizing a clearinghouse is for SOC report distribution – a process that is becoming more challenging to manage as an increased focus on third-party controls has led to a rise in requests for reports.

There is growing demand today for accurate, authenticated financial information. While technology has positively impacted the speed and accessibility of information, it has also created new ways to alter and compromise information.  

We receive regular checkups to monitor, maintain, and improve our health. But did you know that you should do the same for your company?

Is your company future ready? We are living in a time of rapid change around the world. Consider a Strategic Planning Engagement to ensure success.

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.

President Donald Trump signed into law the Tax Cuts and Jobs Act (TCJA), the most significant tax law overhaul in 31 years. Read some highlights here.

SALT, (State and Local Taxes), has become a familiar term for business owners that operate in multiple states; however, taxes are not the only area of compliance that businesses that operate over state borders need to be concerned with.

Many companies are expanding their business transactions across state borders and finding themselves operating with a mobile workforce.  With many states aggressively attempting to find ways to close their budget deficits, these expanding companies become a means of generating new sources of revenues.

Do you have a real estate project that is not able to raise sufficient funding? Do you have a project at risk of having to relocate to another state? Rebuild Rhode Island may be the answer! The Rhode Island Commerce Corporation, through the Rebuild Rhode Island Tax Credit Act, can provide incentives such as tax credits, loans or equity investments to eligible Projects!

The section 179D tax deduction was passed by Congress in 2005 as part of the Energy Policy Act.  It allows qualifying building owners and businesses to receive a tax deduction of up to $1.80 per square foot for their energy efficient buildings or significant improvements placed in service during all open tax years.

Are you currently operating a business in Rhode Island and looking to expand?  Perhaps you have a business outside of RI that you’re looking to relocate.   Rhode Island, in an effort to attract and retain new and existing businesses, enacted the New Qualified Jobs Incentive Act in 2015 and has already awarded several job creators significant annual, redeemable tax credits that have allowed them to make expanding or relocating to RI more financially feasible.