Home Office Tax Tips
Home Office Tax Tips Working from home can potentially deliver some attractive tax advantages. If you qualify for the home office deduction, you can deduct… Read More »Home Office Tax Tips
Taxes
New york state taxes and Federal taxes have different rules. Personal and Business Income Tax Preparation and Planning
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
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
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
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
REVISITING Tax Rates
Investors get a tax break on their net capital gain, defined as the excess of net long-term capital gain over net short-term capital loss.* Generally,… Read More »REVISITING Tax Rates
GIFTS AND TAXES: A Tutorial
Leaving a financial legacy is a wonderful achievement. However, there’s something to be said for sharing the wealth when you can experience the joy of… Read More »GIFTS AND TAXES: A Tutorial