October Client Bulletin
Learn about Form 1040 updates, the new Marketplace Facilitator sales tax laws for anyone that sells through Amazon or eBay and more.
Blog
IRS Expands ID Protection Program
The IRS is expanding a pilot program that uses Identity Protection Personal Information Numbers (IP PINs) to provide an extra layer of security for taxpayers. Learn more about the program.
Sexual Harassment Prevention Training
The deadline to complete sexual harassment prevention training for NYS companies is rapidly approaching. Learn about what the training must include and which deadlines to be aware of.
September Client Bulletin
In this issue you’ll find tips on what to do if you get an IRS letter in the mail, advice for business owners about selecting the right employee health insurance, and a list of ways to help older adults avoid scams.
Don’t Fall for the $91 NYS Biennial Fee Scam
Have you received a notice about a $100 Biennial Fee for NYS? Wondering if it is legit? Send it over and let us help you determine whether it’s official before making any payments!
August Client Bulletin
Summer is starting to wind down and the kids will soon be headed back to school. Now is a great time to review if you’ve had, or will have, any special taxable events this year. Check out this months newsletter for end of summer advice.
The IRS’s Crypto Letter Frenzy – Have you received one?
In 2018, the IRS announced a Virtual Currency Compliance campaign to start reining in non-compliance related to virtual currency transactions. By the end of August, over 10,000 taxpayers will have received a crypto letter. Have you received one?
Connecticut Wants Small Business Owners to Get Their SALT Deduction, Just Not as Much as They Used To
It’s important to be aware of the implications of changes to the tax law, both on the federal and on the state and local levels. This article focuses on a change in SALT deductions in Connecticut for small business owners.
July Client Bulletin
Our July newsletter covers effective tax planning, summer road trip tips, IRS audits, setting salaries and basic customer retention.
Depreciation and Changes in Use of Real Property
Taxpayers that own rental property with gross receipts from residential or nonresidential uses should be familiar with the rules on accounting for depreciation. Let’s see some rules about buildings or structures qualifying as residential or nonresidential property, and application of the change-in-use regulations if a rental property changes from residential use to nonresidential use or vice versa.