Professional Assurance, Tax and Advisory Services
At Brown Edwards, our professionals provide 5 star service to ensure that your organization prospers and flourishes. What we offer is peace of mind. Peace of mind that comes from working with a strong, knowledgeable accounting firm. From traditional assurance and tax services to the latest in professional business advisory and consulting services, Brown Edwards provides you with the peace of mind you deserve.
In The News
You’re a real estate investor, but are you a “professional”?
May 13, 2015
Income and losses from investment real estate or rental property are passive by definition — unless you’re a real estate professional. Why is this important? Passive income may be subject to the 3.8% net investment income tax (NIIT), and passive losses are deductible only against passive income, with the excess being carried forward.
100% deduction for certain M&E expenses!
May 11, 2015
Generally, businesses are limited to deducting 50% of allowable meal and entertainment (M&E) expenses, but certain expenses are 100% deductible.