Kutchins, Robbins & Diamond LTD.

Certified Public Accountants

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Tax Breaks for Charitable Giving

You probably know that you can get an income tax deduction for a gift to a charity. But there is a lot more to charitable giving. For example, you can benefit a family member and a charity at the...

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Five Key Reports for Your Business

Each month, your accounting system yields actionable information for you to run your business better. Here are some key reports that all business owners should review every month.

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AICPA Outlines Priority Recommendations for IRS

The American Institute of CPAs (AICPA) submitted more than 140 recommendations to the IRS regarding its 2019-2020 Guidance Priority List. This list identifies and priorities items the AICPA believes...

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Strategies for Avoiding the Accumulated Earnings Tax

The federal government discourages companies from “stockpiling” their capital by using the accumulated earnings tax. This tax—added as a penalty to a company’s income tax liability—specifically...

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Tax Cuts and Jobs Act (TCJA) & U.S. Taxation of Foreign Business Income

As a part of the Tax Cuts and Jobs Act (TCJA), there are tax provisions that will affect U.S. shareholders of controlled foreign corporations (CFCs) for tax years beginning after December 31, 2017. ...

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Expense Reimbursements for Employees

An employer may reimburse you for travel, meals, and entertainment expenses incurred while performing services for the employer. The tax treatment of the reimbursement, including per diem allowances,...

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