Safeguarding your financial peace

Welcome and thank you for visiting the website of Davis, Campbell & Hollister. DCH is comprised of experienced CPAs committed to helping you grow your investment. We are problem solvers that understand the unique needs of the wine industry. We offer an extensive array of tax and accounting services, specializing in the areas of agriculture, vineyard, wineries and manufacturing.

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 for you, our valued clients and visitors. Our commitment to excellence has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance available in the industry today.

News

Tax Alerts
Tax Briefing(s)

The IRS and the Treasury intend to provide regulations that will address issues affecting foreign corporations with previously taxed earnings and profits (PTEP). The regulations are in response to changes made by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97)


The IRS has proposed regulations on the limitation on the business interest expense deduction under Code Sec. 163(j), as amended by the Tax Cuts and Jobs Act (TCJA) ( P.L. 115-97). The IRS also has issued a safe harbor that allows taxpayers to treat certain infrastructure trades or businesses as real property trades or businesses solely for purposes of qualifying as an electing real property trade or business under Code Sec. 163(j)(7)(B).


A nonprofit corporation that operated a medical-marijuana dispensary legally under California law was not allowed to claim deductions for business expenses on its federal return. Code Sec. 280E, which prevents any trade or business that consists of trafficking in controlled substances from deducting any business expenses, applied.


The IRS released the optional standard mileage rates for 2019. Most taxpayers may use these rates to compute deductible costs of operating vehicles for:


The IRS has provided guidance and examples for calculating the nondeductible portion of parking expenses. In addition, the IRS has provided guidance to tax-exempt organizations to help such organizations determine how unrelated business taxable income (UBTI) will be increased by the nondeductible amount of such fringe benefit expenses paid or incurred.


The IRS has released initial guidance on the new Code Sec. 83(i), added by the 2017 Tax Cuts and Jobs Act ( P.L. 115-97).

Code Sec. 83 generally provides for the federal income tax treatment of property transferred in connection with the performance of services. Code Sec. 83(i) allows certain employees to elect to defer recognition of income attributable to the receipt or vesting of qualified stock for up to five years.


Highly anticipated foreign tax credit regulations have been issued that provide guidance on the significant changes made to the foreign tax credit rules by the Tax Cuts and Jobs Act ( P.L. 115-97).


Proposed regulations provide much anticipated guidance on the base erosion and anti-abuse tax (BEAT) under Code Sec. 59A and related reporting requirements. The regulations are proposed to apply generally to tax years beginning after December 31, 2017, but taxpayers may rely on these proposed regulations until final regulations are published.


The IRS will grant automatic consent to accounting method changes to comply with new Code Sec. 451(b), as added by the Tax Cuts and Jobs Act ( P.L. 115-97). In addition, some taxpayers may make the accounting method change on their tax returns without filing a Form 3115, Application for Change in Accounting Method. These procedures generally apply to tax years beginning after December 31, 2017. Rev. Proc. 2018-31, I.R.B. 2018-22, 637, is modified.


The IRS has issued transition relief from the "once-in-always-in" condition for excluding part-time employees under Reg. §1.403(b)-5(b)(4)(iii)(B). Under the "once-in-always-in" exclusion condition, once an employee is eligible to make elective deferrals, the employee may not be excluded from making elective deferrals in any later exclusion year on the basis that he or she is a part-time employee.


The IRS has provided interim guidance for the 2019 calendar year on income tax withholding from wages and withholding from retirement and annuity distributions. In general, certain 2018 withholding rules provided in Notice 2018-14, I.R.B. 2018-7, 353, will remain in effect for the 2019 calendar year, with one exception.


Meet the Partners

With over 100 years of accounting experience, our team of veteran tax professionals are ready to help you meet your financial goals. We will not tire in researching, advising, and planning for your future while you are under our care.

Barbara Davis, CPA

Senior Partner

Susan Campbell, CPA

Senior Partner

Scott Hollister, CPA

Senior Partner

Thomas Clarke, CPA

Partner

Industries We Serve

Our firm provides services to a wide variety of industries. Our capable staff with years of experience understands the challenges each of these industries face. Below are a few of the industries that we currently offer our services to. Our firm exists to help you reach your unique goals.

Man in a blue suit and tie

Retail

Our tax professionals are ready to assist you in everything from store profitability analysis and supply chain management to regulatory compliance and industry-specific tax credits.

Wheat ready for harvest

Agriculture

Our firm has developed high-level accounting methods to support farmers and their way of living.

Place setting with wine

Restaurants & Hospitality

We can help you plan for the future while reducing your tax burden and capitalizing on market trends by partnering with you in the financial management of your company.