News

On February 21, 2020, the IRS released proposed rules to address the changes made by the Tax Cuts and Jobs Act of 2017 (TCJA) on the ability of businesses to take deductions for meal and entertainment expenses. The TCJA has essentially eliminated the ability of taxpayers to deduct entertainment expenses while maintaining the ability for them to deduct 50 percent of the costs of business meals.

By Blake D. Lewis Published by Arkansas Business Last week, U.S. Sen. Bernie Sanders, I-Vermont, attended Walmart Inc.'s annual meeting to introduce a shareholder proposal that would give hourly employees a seat on the corporation's board of directors.

Friday, Eldredge & Clark, LLP is pleased to announce that 26 attorneys are recognized as “Leaders in Their Field” in eight practice areas in the 2019 Chambers USA: America’s Leading Lawyers for Business.

For most taxpayers, the 2017 Tax Cuts and Jobs Act (TCJA) should provide a welcome reduction to their tax bills. Taxpayers should see the act’s immediate impact on their tax bills as they work to finalize and file their 2018 tax returns.

Last Friday, the IRS issued a proposed revenue procedure that provides a safe harbor for rental real estate enterprises to be treated as a "trade or business" for purposes of section 199A.

Well, 2019 is finally here, which means the time has come to update your partnership agreements to address the new partnership tax audit rules that were passed as part of the Bipartisan Budget Act of 2015.

Attorneys Robert T. Smith and Blake D. Lewis presented at the Arkansas Society of CPA’s 57th Annual Arkansas Federal Tax Institute. Additionally, Blake served as co-chair to the two-day event.