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March 2018

Chili Cook-off February 12, 2018

The Firm’s annual Chili Cook-off was once again big success! Thank you to everyone who brought in their Read more [...]

Happy Pi Day 2018!

Having an argument with homemade pi just goes around in circles…

Additional Partnership Audit Regs Tackle Basis/Capital Accounts

New proposed regulations under the centralized partnership audit regime address how and when partnerships Read more [...]

February 2018

How do I? Calculate bonus depreciation under the new tax law?

The Tax Cuts and Jobs Act increases bonus depreciation rate to 100 percent for property acquired and Read more [...]

January 2018

FAQ: Can I still convert regular IRAs into Roth IRAs?

Yes, conversions from regular (traditional) tax-deferred individual retirement accounts (IRAs) to Roth Read more [...]

How Do I? Use Section 529 plans for elementary and secondary school tuition

The Tax Cuts and Jobs Act modifies Section 529 qualified tuition plans to allow the plans to distribute Read more [...]

November 2017

FAQ: How does a business handle holiday gift-giving?

Holiday gifts made to customers are generally deductible as ordinary and necessary business expenses Read more [...]

How do I? Compute the Nanny Tax

Nanny tax. For purposes of federal tax, employers must withhold and pay FICA taxes (7.65%) if they paid Read more [...]

Tax reform takes on new momentum as year-end approaches

Tax reform discussions continue on Capitol Hill with legislation expected to be released very soon. GOP Read more [...]

IRS reminds taxpayers of ACA requirements; White House seeks administrative changes

As the 2018 filing season nears, the IRS is reminding taxpayers that the Affordable Care Act (ACA) remains Read more [...]

Year-end tax planning for 2017: challenges/opportunities

Year-end tax planning can provide most taxpayers with a good way to lower a tax bill that will otherwise Read more [...]

November 2017 tax compliance calendar

As an individual or business, it is your responsibility to be aware of and to meet your tax filing/reporting Read more [...]

September 2017

How do I? Distinguish partnerships from other arrangements

A partnership is created when persons join together with the intent to conduct unincorporated venture Read more [...]

August 2017

Rules for managing tax basis on stock sales worth a look

A recent Tax Court decision and pending tax reform proposals have intersected in highlighting how stock Read more [...]

IRS continues campaign against worker misclassification

The IRS remains focused on an issue that doesn’t seem to be going away: the misclassification of workers Read more [...]

February 2017

Updated New York State E-filing Requirement for Individual Taxpayers

New York State, in an effort to fight refund fraud, recently announced that taxpayers will need to provide Read more [...]
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