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A Look at New Sec. 199A Deduction for Qualified Business Income

Do you qualify for the new 20% deduction for pass-through entities (S corps, LLCs, partnerships, sole proprietors)? Yes, no, partially, not sure yet – all possible answers. It turns out that this determination will depend on several things and may be anything but simple. But there are a few substantial factors: (1) how is the income derived, i.e. is [...]

2018-08-28T09:50:57+00:00August 28th, 2018|

A Look at New Sec. 199A Deduction for Qualified Business Income

Do you qualify for the new 20% deduction for pass-through entities (S corps, LLCs, partnerships, sole proprietors)? Yes, no, partially, not sure yet – all possible answers. It turns out that this determination will depend on several things and may be anything but simple. But there are a few substantial factors: (1) how is the income derived, i.e. is [...]

2018-08-27T12:49:58+00:00August 27th, 2018|

General Statehouse: Where Key Bills Stand

The 2018 Indiana legislative session is in the home stretch with an end date of this coming Wednesday. Another select group of business-related bills crossed the finish line this week (and last) and are ultimately headed to the Governor’s desk. Others are bound for conference committee to resolve differences between the House and Senate versions. Meanwhile, two bills saw [...]

2018-03-09T11:36:18+00:00March 9th, 2018|