Main Street Practitioner

As discussed below, special rules may apply to certain service providers.

The computation measures the deduction looking to “combined qualified business income amount” or if less, 20 percent of any excess of taxable income over any net capital gain as defined in Section 1(h). ((Sec. 199A(a).)) The latter might be termed the “if less rule.”

(This is the first installment of a two-part feature by J. Michael Pusey, CPA.)

Our topic is not so much the type of discussion that makes the newscasts – tax rate progressiveness or lack thereof and whether the group benefitting from this or that is big or small, or whether donations to the politicians seem to correlate with a particular tax break.

This wasn’t necessarily true even a year ago, but consumer habits have changed.

It’s a story we’re hearing more often. A business adds Zipwhip texting to a landline or toll free number and receives a sudden flood of messages from customers that have been trying, and failing, to contact it.

This has been an eventful year for the National Society of Accountants, and changes are on the horizon.