Blog

LGA Welcomes Steven Smyth, CPA, MST, as Principal

LGA welcomes Steven Smyth to the firm as a Principal.  Drawing on his mix of public and private experience with some of the most recognizable organizations in the world, including ArthurAndersen, PricewaterhouseCoopers, and AIG, Steve is best known for his creative tax structuring and planning solutions when advising clients with a range of needs from…
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TCJA Encourages Repatriation through US Cross-Border Tax Rule Changes

As part of the Tax Cuts and Jobs Act of 2017, Congress cut the corporate tax rate, with the intention of encouraging the repatriation of income held by US corporations offshore and stopping US corporations from moving jobs and capital offshore.  The principal US cross-border tax rule changes are the following: New deduction for dividends received…
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IRS Changes to Mileage Rates and Moving Expenses

The IRS has provided more information concerning updates to moving, mileage and travel expenses.  The changes are the result of the Tax Cuts and Jobs Act, passed in December of 2017. The standard mileage deduction for 2018 will be 54.5 cents per mile, as previously announced.  This is up from 53.5 cents per mile in…
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IRS Announces Timeline for TCJA Tax Reform Guidance

Recently IRS Commissioner Kautter announced a timeline for when to expect TCJA tax reform guidance.  Below is what was stated as timing for substantive updates for pass-through businesses, expensing provisions, and international provisions: Pass-Through Businesses The Internal Revenue Service will issue guidance to explain the tax law's 20 percent deduction for pass-through businesses by mid-to-late July.…
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Kathy Tighe Named Top 100 ProAdvisors for 2018

LGA is excited to be able to congratulate Kathy Tighe for the fifth time in a row as she is honored by Insightful Accountant as a Top 100 ProAdvisor of 2018! "Kathy has worked diligently to earn this recognition. She is motivated to stay current through continuous learning and development by her strong client relationships. …
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How the TCJA Benefits Real Estate Investors

The Tax Cut and Jobs Act (“TCJA”) has left real estate investors scrambling to understand how these changes impact them. Fortunately, there are a couple key provisions of this tax reform that real estate investors can benefit from that can yield significant tax savings in 2018 and beyond. For real estate held in a “pass through entity” which…
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One Minute Read: Meals and Entertainment

You can’t take your clients, employees and other business partners to the Red Sox or Patriots or play a round of golf and share the cost with the government any more.  Under the new TCJA tax act, entertainment expenses which were 50% deductible under the old law, are not deductible even if the event has…
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NECN Tax Tuesday: John Geraci on TCJA Impact on Individuals

John Geraci weighs in on tax issues for individuals like tax planning for 2018, "postcard sized tax returns" and more  in this Tax Tuesday interview on NECN. Click the image below to watch the video on NECN's site. You can watch John's other segments on NECN as well! NECN Tax Tuesday Segment on TCJA Tax…
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NECN Tax Tuesday: John Geraci on TCJA Impact on Businesses

On this final NECN Tax Tuesday interview of the season, John Geraci talks about how the Tax Cuts and Jobs Act (TCJA) is impacting businesses both large and small. Click the image below to watch the video on NECN's site. You can watch John's other segments on NECN as well! NECN Tax Tuesday Segment on…
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