You May Need to Issue 1099’s
How do you know if you need to issue 1099’s? Many of our clients who own or run a business have asked about the IRS… Read More »You May Need to Issue 1099’s
Taxes
New york state taxes and Federal taxes have different rules. Personal and Business Income Tax Preparation and Planning
Make a Move, Score a TAX BREAK
Everybody likes tax breaks. For many taxpayers, the tax break they get on the gain from selling a home is one of the most valuable… Read More »Make a Move, Score a TAX BREAK
NONPROFITS: Don’t Ignore These Tax Issues
The tax-exempt status that nonprofit organizations enjoy does not relieve them of all tax-related concerns. If you are involved with a nonprofit in a leadership… Read More »NONPROFITS: Don’t Ignore These Tax Issues
The IRS Announced the 2015 Limits for Health Saving Accounts (HSA’s)
THE IRS RECENTLY ANNOUNCED THE 2015 LIMITS FOR HEALTH SAVINGS ACCOUNTS. An individual with self-only coverage under a high-deductible health plan (HDHP) will be able… Read More »The IRS Announced the 2015 Limits for Health Saving Accounts (HSA’s)
Amending a Tax Return
It doesn’t happen all that often, but taxpayers sometimes receive corrected or missing tax information after they’ve already filed their federal income-tax returns. If it… Read More »Amending a Tax Return
Don’t Let Taxes Trip You Up
The last thing you need as a small business owner is to have to spend time unraveling tax problems you could have avoided. There are… Read More »Don’t Let Taxes Trip You Up
Severance Pay Subject to FICA
Chalk one up for the IRS. In a much-watched case, the U.S. Supreme Court recently ruled* that severance payments are wages subject to Social Security… Read More »Severance Pay Subject to FICA
DEDUCTING Meal and Entertainment Expenses
A lot of business gets done outside of the office — over lunch, on the golf course, etc. The tax law allows deductions for business… Read More »DEDUCTING Meal and Entertainment Expenses
Divorce and Finances – Why It’s Important to have Financial Planning During a Divorce
During a divorce, it’s easy to get caught up in what is happening in the moment and not plan adequately for the future. A… Read More »Divorce and Finances – Why It’s Important to have Financial Planning During a Divorce
Starting a New Business?
Are you Starting a New Business? Whether you intend to buy an existing business or are starting a new business, you’ll want to keep track… Read More »Starting a New Business?