The CBD Blog

Find peer advice, partner insights, and industry updates – all here in the CBD blog, ‘At The Helm’! With contributions from our entire team, we blog about the things that interest you.

Landmark Tax Reform Bill Passes

The Tax Cuts and Jobs Act is the biggest tax reform package in over 30 years. With tax filing season right around the corner, business and individual taxpayers, with the help of their tax advisors, are scrambling to understand how the changes will affect them. Here are some key elements of the new law.

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How Might the New Tax Reform Law Affect You?

The new tax law has finally passed and the changes generally kick in in 2018. President Trump and Republican members of Congress say it will bring $3.2 trillion in tax cuts. But some individual taxpayers are skeptical. Everyone’s situation is unique and not everyone will come out ahead. This article provides an example of how it might affect your taxes in 2018, if you’re still eligible to itemize deductions.

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Is Social Media Activity Putting You at Risk?

Are you planning to go on a vacation this winter? Whether you’re trying to escape the cold or visiting loved ones, travel brings photo opportunities that you’ll want to share on social media. But think twice before you post a selfie from the beach or check-in at the airport. Thieves have been known to troll social media activity and some insurance companies may review your social media posts before approving theft-related claims.

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Dialing in on Smartphones for Kids

What’s the “right” age for buying a child his or her first smartphone? These devices can be a major financial investment, so it’s important to do your homework. But there are other nonfinancial challenges that need to be factored into this purchase, such as maturity issues, social media concerns, and the risks of cyberbullying and identity theft.

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Bad Debt Losses: Can You Deduct Loans Gone Bad?

Attempts by individual taxpayers to claim write-offs for bad debt losses have led to countless deficiency notices from the IRS. This article briefly explains the tax issues related to bad debt loss deductions and summarizes a recent U.S. Tax Court decision that allowed favorable business bad debt treatment for uncollectible loans.

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