New Marriage Tax Tips
New marriage equals new tax responsibilities. Here are a few marriage tax tips to consider. These new responsibilities include: Reporting name changes to the Social… Read More »New Marriage Tax Tips
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New Lease Accounting Standards
NEW LEASE Accounting Standards The Financial Accounting Standards Board (FASB) recently issued a new Accounting Standards Update (ASU) designed to improve financial reporting about leasing… Read More »New Lease Accounting Standards
Midyear Tax Strategies
The midpoint of the year is a good time to look for ways to defer, manage, and reduce the income taxes you pay. Last year’s… Read More »Midyear Tax Strategies
Donating Excess Inventory to Charity
Can your business donate inventory to charity? Businesses that donate inventory to charity need to be aware of the tax law’s rules for this type… Read More »Donating Excess Inventory to Charity
Traveling for Business and Pleasure — WHAT’S DEDUCTIBLE?
Business Travel Tax Deductions Business owners who travel out of town on business sometimes like to extend their trips and take a little time to… Read More »Traveling for Business and Pleasure — WHAT’S DEDUCTIBLE?
Deducting Low-cost Purchases
IRS regulations permit trade or business taxpayers to elect to currently deduct relatively inexpensive purchases of equipment and other fixed assets that would otherwise have… Read More »Deducting Low-cost Purchases
New York State 2016 Withholding Tax Tables and Methods
Withholding Tax Changes for 2016 The 2016 New York State personal income tax rate schedules have been revised to reflect the cost of living adjustment required… Read More »New York State 2016 Withholding Tax Tables and Methods
End of Year Personal Tax Check List
What do you need to include in your Personal Tax Check List? Income Data W-2 forms Pensions and annuities Partnership and trust income Alimony received… Read More »End of Year Personal Tax Check List
TRUSTS AND ESTATES May Owe Income Taxes
The tax-filing season has started, and taxpayers nationwide are gathering the information needed to file individual and corporate income-tax returns. What many people don’t realize,… Read More »TRUSTS AND ESTATES May Owe Income Taxes
FINANCIAL AID Application Changes
How do the Financial Aid Application changes impact you? President Obama recently announced FINANCIAL AID Application Changes. The changes are in the process for filing the… Read More »FINANCIAL AID Application Changes