Our August bulletin goes in-depth into the true cost of higher education, making the most of college financial aid, tax credits vs. tax deductions when it comes to college costs, the benefits of paying down debt, and the (tax) dangers of using IRA money to buy a business.
Our July bulletin takes a closer look at the new Federal Fiduciary Rule and what it means to investors, ETFs (they can be plain or fancy), and the differences between Disaster Planning and Succession Planning.
A taxpayer is generally allowed to deduct the expenses attributable to running a home office provided the space is used exclusively for that purpose. The rules permit a deduction for all the expenses attributable to running the household, including depreciation, … Continued
Our June client bulletin takes a look at different takes on how to compensate summer interns, planning for today’s pensions, and the risks associated with putting money into timeshares.
What’s the deal? Effective December 1, 2016, the new overtime rules are changing the exemptions that currently allow employers to avoid paying overtime to certain employees. Currently, employees making less than a certain salary threshold must be paid overtime (the … Continued
The Trade Preference Extension Act (the TPE) became law on 6/29/15, and included in it were a few little-noticed but significant changes to the penalties for failing to file required information returns (i.e. 1099s and W-2s) and, in some cases, … Continued
The PATH Act (Protecting Americans from Tax Hikes) made several changes to bonus depreciation, most notably extending it through 2019 for most types of assets. However, another change slipped through with much less fanfare that can still lead to significant … Continued
Our May client bulletin looks at C-Corps vs. S-Corps/LLCs when it comes to Qualified Small Business Stock, taxes on lottery and gambling winnings, and handling health insurance through divorce.
The IRS has developed a new initiative to remind employers of their payroll tax obligations and to prevent the pyramiding of missed deposits. The Early Interaction Initiative will make expanded use of federal tax deposit alerts (FTD Alerts) to help … Continued
Mayor Bill de Blasio recently enacted Intro 295-A, which requires New York City companies with 20 or more full-time employees to offer pre-tax transit benefits. The bill encourages employers to take advantage of an existing federal tax benefit, which already allows … Continued
