Changes to the Deductibility of Meals and Entertainment Expenses
The Tax Cuts and Jobs Act includes significant changes to the treatment and deductibility of client and employee related meals and entertainment expenses. Below we expand on several situations regarding more …
Changes to Itemized Deductions – What You Need to Know
As the 2018 tax filing season begins, one of the major changes that will be seen by taxpayers is the increase to the standard deduction as well as the treatment more …
Maximizing the 20% QBI Deduction for Service-Based Businesses
At the end of 2017, Congress passed the 2017 Tax Cuts and Jobs Act (“2017 TCJA”) that went into effect for 2018. For service-based business owners, one of the biggest more …
Can you still deduct interest from your Home Equity Line of Credit (“HELOC”)?
You may have heard that your Home Equity Line of Credit (“HELOC”) interest is no longer tax deductible on your individual income tax return. Although the tax law specifically states more …
Bryan Shaw Makes 2018 List of Best Accountants in St. Louis
Bryan Shaw, a partner at Hoffman Clark, has recently been honored in the October issue of Small Business Monthly (SBM) by being included on their 2018 list of the best more …
What is the Qualified Business Income (“QBI”) Deduction? – How does it work and who can take advantage of it?
With the tax cuts in full effect, the biggest, and certainly the most complicated, addition to the tax law is the 20% Qualified Business Income (“QBI”) deduction. This deduction was more …
Hoffman Clark Appointed Administrator of $80 Million Settlement
Hoffman Clark has been appointed the Administrator of an $80 Million mass-tort settlement. The class action lawsuit alleged exposure to asbestos during renovation of the Jackson County, Missouri Courthouse. St. more …
Landlord Tenant Law Changes – Reminder
A reminder to all landlords about a significant change in the Landlord-Tenant Law. Don’t be caught unaware. Missouri revised the law concerning tenant security deposits. Made effective August 28, 2016, more …
Accounting Mistakes Can Cost You—Here Are 5 of the Biggest Blunders
More common than you might think, accounting mistakes have the power to cause instability, hinder growth and potentially get you into trouble. Because these errors can be so costly, we more …
Healthcare Costs Continue to Rise–How A Health Savings Account (HSA) Can Work to Everyone’s Advantage
Since the 2016 presidential election, many topics continue to be examined and debated. No matter what side of the fence you are on, almost everyone agrees that healthcare costs are more …
Identity Theft Update – Alarming Tax Scams on the Rise in St. Louis Area
Identity theft not only places a burden on its victims but also poses a challenge to businesses, organizations and government agencies, including the IRS. Tax-related identity theft occurs when someone more …
Benefit of Purchasing a Missouri Redevelopment Tax Credit
The purchase of a Missouri Redevelopment Tax Credit (“MRTCs”) can provide you with a respectable return on your investment, if you fully understand the applicability of the MRTC to your more …
Assessing Misrepresentations in Financial Statements
Hoffman Clark’s team presents “Assessing Misrepresentations in Financial Statements”. Their presentation featured a brief overview of the documents and financial analyses used by forensic accountants, methods and approaches used in assessing more …
How Much Do Federal Judges Earn?
Judicial compensation has increased recently. All federal judges receive salaries and benefits that are set by Congress. Judicial salaries are roughly equal to salaries of Members of Congress. Explanation for more …
Estimating Overhead Expenses in Damages Calculations
Whether the case involves compensatory damages for lost profits or remedies in the form of actual profits to be disgorged, the calculation of relevant overhead expenses is often a matter more …
Six Reasons to Value IP
Hoffman Clark is frequently asked to evaluate intellectual property (“IP”) assets for a variety of reasons. Requests for IP valuations often come from the IP asset owner or from the more …
Bring Your Vision Into Focus
As the New Year begins, it is a good time to establish goals and plans for your business in 2015. In order to do that, you should consider revisiting and more …
European Patent Infringement Damages & Unique Characteristics
Hoffman Clark’s experience includes navigating unique characteristics of damages analysis in the European Union (“EU”) – ranging from varying languages, laws, and market conditions to broader lost profits, price erosion, more …
Injunctive and Damages Remedies Available in a Patent Infringement Case
Published in the Patent Law and Litigation Edition, St. Louis Bar Journal, Vol. XLVII, No. 2, Fall 2000 By Joseph E. Walsh, Jr., Esq. and Mark E. Hoffman It can more …