Monthly Archives: August 2017

What is my Tax-Filing Status? by Jack Winter, CPA/PFS, CFP

Posted on August 24, 2017 by Jack Winter

When U.S. taxpayers file their income taxes each year, they must choose a tax-filing status to ultimately determine the amount of taxes they must pay to the IRS. In some instances, selecting a filing status is easy; under certain circumstances, however, more than one filing status may apply. It is critical that taxpayers carefully consider […]

6 Tax Regulations Face the Chopping Block by Edward N. Cooper, CPA

Posted on August 15, 2017 by Edward Cooper

The Department of Treasury in July 2017 announced its intent to reform or repeal eight tax regulations enacted during the Obama administration that it deems to be financially burdensome or excessively complex for U.S. taxpayers. It is expected that Treasury will make its final recommendations on these rules by September 18, 2017. The regulations at risk […]

Best Practices for Businesses after a Disaster By Daniel Hughes, CPA/CFF/CGMA

Posted on August 14, 2017 by Daniel Hughes

As we deal with peak hurricane season, we are reminded once again of the importance of preparing for and responding to natural disasters in order to minimize losses and ensure long-term viability. The actions a business takes during the first few days following a loss can often determine the success of its recovery and settlement […]

Summer Camp Costs May Qualify for a Tax Credit by Rick Bazzani, CPA

Posted on August 11, 2017 by Rick Bazzani

Working parents may be able to offset some of the costs of sending their children to summer day camp when they qualify for the Child and Dependent Care Tax Credit. The credit, which is based on a taxpayer’s gross income, filing status, amount of allowable expenses and number of children, can be worth up to $2,100 for a […]

Taxpayers Beware: Summertime Tax Scams are on the Rise by Joseph L. Saka, CPA/PFS

Posted on August 01, 2017 by Joseph Saka

Tax-related scams are casting a dark cloud over the typically blue skies and sunshine-filled days of the summer months. During this time of easy living, people must remain vigilant against new and often aggressive schemes that can comprise their personal information and financial security and leave them as yet another victim of identity theft. […]

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