Howard, LLP

Archive for March 2018

Howard Insights: Don’t Forget to Plan for State Tax

Dallas, Texas, March 2018 – With all the noise about federal income tax right now, it is easy to forget to plan for state income tax.  We are federally taxed with income tax, payroll tax, sales tax, and excise tax.  States want their piece of the pie too!  States tax businesses with income tax, sales tax, property […]

Howard Insights: Carried Interest

Dallas, Texas, March 2018 – The “Tax Cuts and Jobs Act” includes a provision dealing with the treatment of carried interest. Carried interest is defined as a share of the profits on an investment paid to a “manager/partner” in excess of the amount that the “manager/partner” contributes to the partnership.  It is a performance fee […]