IRS Outlines Guidance on Business Interest Deduction The IRS has announced initial guidance for computing the business interest expense deduction under Code Sec. 163(j) effective for tax years beginning after 2017, and aspects that will be cov...
2018 Fiscal-Year Blended Tax Rates for Corporations The IRS has issued guidance on the changes to the federal income tax rates for corporations under Code Sec. 11(b) and the repeal of the alternative minimum tax (AMT) for corporations by the ...
IRS Provides Guidance for Reporting Fines, Penalties The IRS has provided transitional guidance regarding the new reporting requirements for certain fines, penalties, and other amounts under Code Sec. 6050X, which was added by the Tax Cuts and Jobs...
IRS Provides 2018 Luxury Auto Caps, Lease Inclusion Tables The IRS has issued "luxury car" depreciation caps for passenger automobiles first placed in service during calendar year 2018. For purposes of this guidance, "passenger automobiles"incl...
Qualified Opportunity Zones Designated The Treasury and the IRS have designated Opportunity Zones in 15 states and three territories. Private investments in these specific Qualified Opportunity Zones get preferential tax treatment under th...
IRS Provides Workbook for 2017TY Transition Tax; FAQs Updated The IRS has issued Publication 5292, How to Calculate Section 965 Amounts and Elections Available to Taxpayers, which provides guidance for determining the new transition tax on untaxed fore...
Additional Guidance on Foreign Earnings Transition Tax The Treasury and IRS have issued another piece of guidance on the foreign earnings transition tax under Code Sec. 965. The new provision, which was enacted as part of the Tax Cuts and Jobs Act (&...
Proposed Regs Would Expand ACA-Exempt Short-Term Insurance In response to President Trump’s Executive Order 13813, the Departments Health and Human Services, Labor and the Treasury (the Departments) are proposing regulations to expand the availability o...
CA - FAQs relating to California competes tax credit discussed For corporate and personal income tax purposes, the California Governor’s Office of Business and Economic Development (GO-Biz) has issued a press release discussing frequently asked questions (F...
Welcome and thank you for visiting the Prince Accountancy Corporation website. In addition to providing you with a profile of our firm and the services we provide, this website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
The principal of this firm started in public accounting in 1977. The focus of what we do is to provide optimum service to our clients. Each client is unique with their own vision of success. Our job is to help each one achieve their vision to the extent possible.
To help us provide services to our clients we look to three overriding principles:
Treating Each Client As We Would Want to Be Treated
Hiring the Best Employees Possible
Commitment to Continuing Education
As you browse through our website, you will see that we have highlighted background information on our firm and the services we provide. We have also included useful resources such as informative articles (in our Newsletters section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external websites that we think would be of interest to our clients and visitors (in our Links section).
Please feel free to contact us with any questions or comments you may have - we would love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.
