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New Tax Reform Law Regarding Deductions

By on Aug 16, 2018 in Uncategorized | 0 comments

THE NEW TAX REFORM LAW TAKES A BITE OUT OF MEALS, ENTERTAINMENT, AND TRANSPORTATION DEDUCTIONS By Jay M. Rubinstein The Tax Cuts and Jobs Act, (TCJA), although being pro-business in many respects, limits the deductibility of meals, entertainment, and transportation expenses. In the past, taxpayers could deduct 50% of expenses for business related meals and...

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South Dakota vs. Wayfair – State Sales Tax and State Income Tax

By on Aug 16, 2018 in Uncategorized | 0 comments

SOUTH DAKOTA V WAYFAIR INC. A VERY IMPORTANT DECISION FOR YOUR BUSINESS AFFECTING STATE SALES TAX AND STATE INCOME TAX On June 21, 2018 the Supreme Court rendered a decision with far reaching and substantial implications for many businesses. The purpose of this communication is to inform you of the importance of this decision and to encourage you to contact us to...

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Letter regarding Tax Cuts and Jobs Act – June, 2018

By on Jun 28, 2018 in Uncategorized | 0 comments

To Our Clients and Friends Over the past several months, we’ve digested the many tax law changes brought by the Tax Cuts and Jobs Act (TCJA). These changes bring a host of uncertainties as well as planning opportunities. From lower tax rates to a new deduction for pass-through income, the new tax law may mean more cash in your pocket. This letter presents some tax...

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LLG Mourns One of Our Own

By on Jun 5, 2018 in Uncategorized | 0 comments

SEYMOUR LEVIN FEBRUARY 18, 1930 – MAY 18, 2018 On Friday May 18, 2018 Seymour (“Sy”) Levin passed away at the age of 88. Lipschultz Levin & Gray, LLC proudly bears Seymour’s name as one of its founding partners. We extend our deepest condolences to his two children: Gene (who is himself a member of the LLG team) and Julie, and to their spouses Amy and Robert,...

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