Brinker Simpson & Company is honored to be named a Top 10 2019 Best Accounting Firms for WOMEN among female respondents to Accounting Today's survey recognizing the 100 Best Firms to Work For in the United States.

Bob Simpson, CPA, MST, Managing Partner of Brinker Simpson & Company, sat down with The Neumann University Center for Leadership to provide small business accounting insights as part of their Entrepreneurship Video Series. The series is designed to help small business owners start, manage and ultimately grow their business. Watch the video here:

The 2017 tax-cut plan eliminated or restricted many itemized deductions from 2018 through 2025, and raised the standard-deduction thresholds. 

Since the enactment of the Tax Cuts and Jobs Act (TCJA), an individual’s federal tax deduction for state and local taxes (SALT) paid during the calendar year is limited to $10,000. The SALT limitation impacted many individual partners and shareholders. Several states responded to this limitation by issuing workarounds to enact entity-level taxes for pass-through entities where the entity pays the tax instead of its owners and then deducts the full amount of state taxes paid, thus avoiding the $10,000 limitation at the individual level. It was uncertain whether the IRS would accept this entity-level tax workaround.

2020 Accounting Today’s Best Accounting Firms to Work for

Brinker Simpson & Co, LLC was recently named as one of the 2020 Accounting Today’s Best Accounting Firms to Work for. Accounting Today has partnered with Best Companies Group to identify companies that have excelled in creating quality workplaces for employees.

With the Presidential election 9 weeks away, we prepared the following guideline to illustrate where each of the candidates stand on certain tax laws. Biden’s proposed changes would repeal different aspects of Trump’s 2017 Tax Cuts and Jobs Act (TCJA). Please note, these are proposed changes and Congress often makes the final decision.