This Fall, we would like to bring a few recent tax developments to your attention. Tax law changes may affect employers and employees that currently take advantage of HRAs and HSAs with their health insurance coverage.
New specific dollar amount limits have been announced for annual depreciation and expensing deductions for so-called “luxury autos,” including provisions regarding leased autos.
Also in this issue, Robert Zawideh summarizes a client case that led to a Michigan Supreme Court request for supplemental briefs. The final decision will impact anyone who seeks the court’s assistance in determining their rights under a trust agreement.
In recent firm news, we are excited to welcome Jay L. Morse, Esq.