Entries by sarah.wells@scheffelboyle.com

Consider the Tax Advantages of Qualified Small Business Stock

While the Tax Cuts and Jobs Act (TCJA) reduced most ordinary-income tax rates for individuals, it didn’t change long-term capital gains rates. They remain at 0%, 15% and 20%. The capital gains rates now have their own statutory bracket amounts, but the 0% rate generally applies to taxpayers in the bottom two ordinary-income tax brackets […]

Best Accounting Firms List 2019

We are so excited to announce that we have, once again, been featured on the “Best Accounting Firms” list in St. Louis Small Business Monthly. We truly appreciate everyone who took time out of their day to nominate us. And, of course, this recognition really goes out to our amazing, hard-working, dedicated staff for all […]

Deducting Business Losses for Pass-Through Entities

It’s not uncommon for businesses to sometimes generate tax losses. But the tax law limits deductible losses in some situations. And the Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors, partners, S corporation shareholders and, typically, limited liability company (LLC) members can now deduct. If your company operates […]