NSAC Happenings and Latest News - Page 52
IRS Finalizes Rules on Business Interest Expense Deduction Limits
The Internal Revenue Service released the final regulations and other guidance on the limitation on the deduction for business interest expenses under the Tax Cuts and Jobs Act of 2017, which was amended by the CARES Act earlier this year. The 2017 tax overhaul limited the business deduction as a way of helping pay for the $1.5 trillion set of tax cuts, but the $2 trillion legislative package approved in March by Congress temporarily ...
Read MoreAn Update on Like-Kind Exchanges
The recently released proposed regulations on Sec. 1031 like-kind exchanges (REG-117589-18) provide much needed clarification for taxpayers who have conducted cost segregation studies on exchanged properties. The law known as the Tax Cuts and Jobs Act (TCJA), P.L. 115-97, removed personal property from part of the preferential deferred tax treatment for like-kind exchanges. While most people understood the intent of that edict, it created some ...
Read More10 Areas to Revise in Your Disaster Recovery and Pandemic Plans
Many firms have gotten by without standard business policies and procedures in place. The COVID-19 pandemic has highlighted the need to have a business continuity and disaster recovery plan and a pandemic plan in place. Now is an excellent time to consider updates to these plans as well as other business plans and policies. The following 10 areas to update in your disaster plan, from CPA Mutual and Network Management Group Inc., are simply a ...
Read More3 Ways to Effectively Manage Remote Teams
We’ve all heard the saying, “Out of sight, out of mind.” In an age of ever-increasing remote work, however, we may change that phrase to say, “Out of sight, top of mind.” As we rapidly transition to a work-from-home reality, one in which experts expect to last well beyond our response to the coronavirus pandemic, it can be hard to separate ourselves from our work. Without an office to leave, it’s all ...
Read MoreSession Highlight - General Session 2 (Thursday, August 4, 10-11am)
We are so excited to be joined by featured speakers Leif Oveson, Michael Daniels and Kelly Wismer for "Cooperating in a Pandemic: Broadband's Role in 2020"! As more light shines upon the digital divide, a new coalition of nationally known companies, cooperatives and associations are engaged in efforts to highlight the resources necessary to tackle the challenges of connecting rural America. Representatives from Land O'Lakes, NTCA, and ...
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