What You Should Know About the CARES Act

We’ve unpacked the information for you. In response to the coronavirus pandemic, the CARES Act was signed into law on Friday, March 27, 2020.  The Spiegel team has compiled the necessary information within two separate documents regarding: postponed dates for tax filings, payments and program contributions; and resources for financial relief and assistance for individuals […]

What You Need to Know About the Centralized Partnership Audit Regime

What You Need to Know About the Centralized Partnership Audit Regime was originally published in AAPL’s Winter 2019 Edition of Private Lender Magazine. Fund managers may not be aware of their new role during an IRS audit of companies with partnered members. The new centralized partnership audit regime (CPAR) introduced by the Bipartisan Budget Act (BBA) […]

BREAKING NEWS Regarding the 20% Pass Through Deduction

The Department of the Treasury issued its final regulations providing clarity to the pass through 20% deduction. The final regulations indicate that the origination of a loan is not treated as purchasing securities for the determination of “dealing in securities”. As a result, mortgage bankers qualify for the 20% pass through deduction since they are […]

2019 Mileage Rates

The Internal Revenue Service issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 58 cents per mile for […]

SAC Ranks No. 4,270 on the 2017 Inc. 5000

Inc. magazine ranked Spiegel Accountancy Corp. NO. 4,270 on its 36th annual Inc. 5000, the most prestigious ranking of the nation’s fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy’s most dynamic segment— its independent small and midsized businesses. Companies such as Microsoft, Dell, Domino’s Pizza, […]