Archive

Monthly Archives: October 2015

Understanding Proposed Changes to Not-For-Profit Financial Reporting by Megan Cavasini, CPA


Posted on October 29, 2015 by

Change is brewing for not-for-profits organizations and the way in which they present their financial information. On April 22, the Financial Accounting Standards Board (FASB) issued a draft of proposed changes to not-for-profit (NFP) reporting guidelines in an effort to improve the way NFPs tell their financial story to constituents, such as donors and grantors, […]

Staying Safe in the Cloud by Joe Gutierrez, Direct of Information Technology


Posted on October 27, 2015 by Richard Berkowitz

Businesses large and small are increasingly “moving to the cloud” to keep their data easily accessible while staying ahead of changing technologies. To be sure, this corporate refrain is nothing new, but many businesses making the transition lack a clear understanding about the risks and rewards they should consider before making the leap to the […]

Planning for Babies and Taxes by Joanie B. Stein, CPA


Posted on October 23, 2015 by Joanie Stein

A baby brings new and exciting opportunities to growing families. To be sure, raising a child requires significant expenses.  However, the IRS offers a range of tax benefits to help parents offset some of these costs.   Infertility Treatments.  Fifteen states, including New York, New Jersey and California, have laws requiring insurance plans to cover specific […]

Market Turbulence Signals Opportunity to Revisit Financial Plan by Todd Moll, CFP, CFA


Posted on October 21, 2015 by Richard Berkowitz

For many investors, the recent volatility of the global equity markets can undoubtedly cause some anxiety. However, depending on an investor’s financial needs, goals and time horizons, doing nothing during periodic market corrections may be the best strategy. Rather than surrendering to the stress and making hasty decisions in response to the here and now, […]

Department of Labor Targets Employee and Independent Contractor Relationships, Focuses Attention of Construction Industry by Laurie Jennings Arcia, CPA


Posted on October 19, 2015 by Laurie Jennings Arcia

How businesses classify workers is again on the radar of the Department of Labor. According to the administrator of the department’s Wage and Hour Division (WHD), a growing number of employers are intentionally misclassifying employees as independent contractors and risking exposure to significant penalties and back taxes and wages. When a business hires and classifies […]

A Way Around Section 179 Expensing Limits by Angie Adames, CPA


Posted on October 14, 2015 by Angie Adames

Taxpayers investing in qualifying equipment and property were once able to take a Section 179 deduction of $500,000 for the year. However, for tax years beginning after 2014, the Section 179 deduction limit is scheduled to drop to $25,000. This limit is reduced by the amount by which the cost of Section 179 property placed […]

A Way Around Section 179 Expending Limits by Angie Adames, CPA


Posted on October 14, 2015 by Angie Adames

Taxpayers investing in qualifying equipment and property were once able to take a Section 179 deduction of $500,000 for the year. However, for tax years beginning after 2014, the Section 179 deduction limit is scheduled to drop to $25,000. This limit is reduced by the amount by which the cost of Section 179 property placed […]