Accounting for GOODWILL
“Goodwill” is an intangible asset that can appear on a company’s balance sheet as the result of acquiring another firm. When the amount paid for… Read More »Accounting for GOODWILL
Taxes
New york state taxes and Federal taxes have different rules. Personal and Business Income Tax Preparation and Planning
Income Tax Q&A – Checking on your income tax refund
I never received my 2012 income-tax refund from the IRS in the mail. What should I do? To find out about your refund, try… Read More »Income Tax Q&A – Checking on your income tax refund
CAPITALIZE OR EXPENSE?
Businesses and rental property owners who buy fixed assets or spend money to maintain or improve their property often ask this question. New final IRS… Read More »CAPITALIZE OR EXPENSE?
Roth 401(K) Q&A
Question: May an employee who has a Roth 401(k) account also contribute to a Roth individual retirement account (IRA)? Answer: Generally, yes. However, Roth IRA… Read More »Roth 401(K) Q&A
Give the Gift of Financial Security
Still looking for presents to give the kids on your holiday shopping list? Toys and electronics are all well and good, but for something more… Read More »Give the Gift of Financial Security
Attention S Corp. Owners: BE REASONABLE
Small business owners like the S corporation business structure for several reasons, two of which are tax related. For federal income-tax purposes, an S corporation’s… Read More »Attention S Corp. Owners: BE REASONABLE
Age 70-1/2 is an Important Milestone for Taxes
When it comes to taxes, reaching age 70-1/2 is an important milestone. That’s because you have to start taking minimum annual distributions from your traditional… Read More »Age 70-1/2 is an Important Milestone for Taxes
Kevin Hedley writes for the November Saratoga Business Journal
Kevin Hedley reminds readers that year end tax planning is going to be the key to leveraging the new tax laws. You can read the… Read More »Kevin Hedley writes for the November Saratoga Business Journal
NYS Sales Tax Vendor Registration Facts
If your business makes taxable sales in New York State, you are required to register as a sales tax vendor with the New York State… Read More »NYS Sales Tax Vendor Registration Facts
End of Year Tax Planning
Year-end can be a hectic time for businesses, but carving out a little time for tax planning could pay off. Here’s some food for thought.… Read More »End of Year Tax Planning