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Recent 2019-2 Spring Newsletter Articles

Qualified Business Income Deduction

By McClintock & Associates May 31, 2019

As the first tax return filing season under the newly minted Tax Cut and Jobs Act (TCJA) has passed, one thing has become clear, there is nothing clear about the qualified business income deduction (QBID). The QBID is seen as the small business equivalent to the tax rate decrease provided to...

Are You Miscalculating Your Title IV Aid?

By Gregory Rinderle April 29, 2019

Schools are educating a variety of students these days. With the rise in non-traditional students – or students who go to school at different stages of their lives – and with various lifestyles to accommodate, colleges and universities are changing traditional school models to create more options and flexibility for...

How to Avoid a Letter of Credit After a Change in Ownership

How to Avoid a Letter of Credit After a Change in Ownership

By David B. McClintock, CPA April 10, 2019

Making an acquisition in a highly regulated industry like postsecondary education means following required procedures and obtaining approvals from multiple agencies. Often, the most significant approval comes from the U.S. Department of Education (ED) because the approval can include a requirement to post a letter of credit with ED as...