Eckhoff Accounting News & Resources
A new U.S. Supreme Court ruling paves the way for states to require Internet sellers to collect sales tax from consumers — even if they don’t have a physical presence in the state. (South Dakota v. Wayfair, No. 17-494, June 21, 2018) In doing so, the Court has reversed the long-standing, but controversial, precedent in Quill v.
June 25, 2018
TARIFF TALK INTENSIFIES
Major economic powers proposed additional import taxes last week, as investors wondered if a global trade war was now underway. Monday evening, President Trump stated that he had instructed U.S. Trade Representative Robert Lighthizer to identify another $200 billion of Chinese products to subject to a new 10% import duty.
The Tax Cuts and Jobs Act makes sweeping changes to the tax rules for individuals. But some of the new provisions won’t necessarily be relevant to your situation. Here’s a quick reference guide to the major issues under the new law to help you understand what’s changing.
June 18, 2018
FED, NEW TARIFFS GET WALL STREET’S ATTENTION
As expected, the Federal Reserve adjusted the target range on the federal funds rate to 1.75%-2.00% on Wednesday. The central bank’s latest dot-plot projection, however, raised some eyebrows: it showed four interest rate increases planned for 2018 instead of three.
In his new blog post, Bruce Frankel writes about accomplishments and lessons learned one year after the integration of Eckhoff and Company (EAC) and Eckhoff Wealth Management, LLC (EWM).
He also talks about the second opinion service that he offers EAC clients and the new approach we’re taking to our tax pricing structure (stay tuned for more on this in the coming months).