Coronavirus Office Protocols

March 24, 2020

As we are navigating our way through the upcoming days and weeks of Coronavirus, we are making strides at Berkman, Jorgensen, Masters & Stafman to keep our facility safe for our clients and staff; therefore, we have implemented the following procedures: Our office is open, but entrance doors are locked. Appointments will be by phone […]

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How can your business benefit from the Consolidated Appropriations Act?

January 25, 2021

The Consolidated Appropriations Act of 2021 (CAA) was signed into law in late December. The sprawling legislation contains billions of dollars in additional stimulus funding in response to the COVID-19 pandemic, as well as numerous unrelated provisions. Let’s take a closer look at the provisions that are most likely to affect your company’s bottom line. […]

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2018 tax calendar

October 4, 2017

To help you make sure you don’t miss any important 2018 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due. Be aware that some deadlines have been moved up or pushed back compared to previous years. Please review the calendar and let us know if you have any […]

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GOP’s proposed tax reform plan significantly changes the rules for individuals and businesses

September 26, 2017

Earlier this week, U.S. Senate Republicans declined to vote on the Graham-Cassidy health care bill because there weren’t enough votes to pass it. Yesterday, President Trump and Republican congressional leaders turned their attention to tax reform by releasing an outline of their long-awaited tax reform plan. The nine-page “Unified Framework for Fixing Our Broken Tax […]

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Defer tax with a Section 1031 exchange, but new limits apply this year

August 28, 2017

Normally when appreciated business assets such as real estate are sold, tax is owed on the appreciation. But there’s a way to defer this tax: a Section 1031 “like kind” exchange. However, the Tax Cuts and Jobs Act (TCJA) reduces the types of property eligible for this favorable tax treatment. What is a like-kind exchange?Section […]

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