Summer | 2018
17501 East 17th Street, Ste 100 | Tustin, CA 92780 | (714) 505-9000
How the TCJA changes depreciation periods for real property
The Tax Cuts and Jobs Act (TCJA) alters the recovery periods for certain kinds of property depreciated under the modified accelerated cost recovery system (MACRS) and the alternative depreciation system (ADS). This brief article examines how the TCJA affects depreciation periods for nonresidential and residential properties, as well as improvement property, and looks at how the TCJA generally limits business interest expense deductions.

Should you invest in infrastructure?
According to the National Oceanic and Atmospheric Administration, 2017 was the costliest year on record for natural disasters in the United States. And 2018 has already seen severe weather, including numerous floods, tornadoes and wildfires and the ongoing volcanic eruption on the island of Hawaii. This article looks at why these events, along with other recent disasters and an ever-growing backlog of deferred maintenance, underline the need for infrastructure upgrades in the United States, which may provide opportunities for real estate investors.

Tax Cuts and Jobs Act
New law increases holding period for carried interests

On the campaign trail, President Trump pledged that tax reform under his leadership would target carried interests — more widely known in the real estate industry as the “promote” in partnership agreements or operating agreements for limited liability companies that are treated as partnerships for tax purposes. In the end, the Tax Cuts and Jobs Act (TCJA) only modifies the rules for carried interests, largely preserving their favorable tax treatment, rather than eliminating that treatment. This article reviews what’s new and what’s left unanswered under the TCJA. A sidebar explains why deciding whether to convert to a C corporation is a complex matter.

Captive insurance strategies can pay off for real estate operators

Federal tax law has permitted U.S. businesses to form so-called “captive” insurance companies for many years, and numerous large companies have done so. It’s only relatively recently that the arrangement has gained traction with smaller public and privately owned companies. This article discusses how they work, the potential advantages and disadvantages and whether a real estate business may benefit from pursuing captive insurance strategies .

Firm News:
Nicolas K. Waldenmayer & Donald W. Watson Promoted to Partner
Tustin, CA, 2018 - HMWC CPAs & Business Advisors is pleased to announce that Nicolas K. Waldenmeyer and Donald W. Watson have been promoted to partner at the firm.
Nicolas Waldenmayer - READ MORE
Donald W. Watson - READ MORE
When: Tuesday, September 18, 2018

Time: 12:00pm-2:00pm

Where: HMWC CPAs & Business Advisors
17501 East 17th Street, Ste 100
Tustin, CA 92780

Cost: FREE
How to Run Your Business with Equality & Diversity in Mind
Despite spending millions of dollars on workplace diversity programs and outreach, companies today are most often left with little to show for it. Research has found that most workplace diversity programs fail to produce meaningful results, and some have actually increased bias among individual employees. As of 2017, nearly 75% of those in computing and mathematical fields were men and fewer than 15% were black or Hispanic. Currently, just 20% of C-suite executives in the U.S. are female. Just 3% of C-suite roles are held by Asian, black, Latina or other women of color.

  • What can we do to create true equality & diversity in the workplace? 
  • Why is it so difficult to create the changes we seek?
  • What can organizations do differently?
  • What can we do individually to increase the pace?
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