Monthly Archives: December 2017

The Surprising Benefits of Giving Gifts throughout the Year UPDATED for 2018 by Jeffrey M. Mutnik, CPA/PFS

Posted on December 28, 2017 by Jeffrey Mutnik

Some of the best presents to receive are those that are not perfectly wrapped in a box or given on special occasions. Rather, there are often far more impactful gifts that individuals can give throughout the year to help their loved ones establish solid financial foundations. In some circumstances, these gifts can provide benefactors with […]

Understanding the Adoption Tax Credit by Joanie B. Stein, CPA

Posted on December 26, 2017 by Joanie Stein

With all of the political wrangling over tax reform, it appears that Republicans in the House and Senate have agreed to preserve the Child Adoption Tax Credit, which in 2017 can be as high as $13,570 per qualifying child. The Federal Adoption Tax Credit has helped countless families afford the high cost of adoption, while […]

Businesses Must Prepare Now for January Payroll Filing Deadline by Flor Escudero, CPA

Posted on December 19, 2017

Businesses have until Jan. 31, 2018, to file employee wage statements and non-employee compensation forms with the government. More specifically, employers must provide their employees with Forms W-2, Wage and Tax Statement, and furnish copies along with Forms W-3, Transmittal of Income and Tax Statements, to the Social Security Administration (SSA) by the required deadline. In addition, businesses that […]

What about Tax Reform?

Posted on December 12, 2017 by Joseph Saka

The Republicans in the House and Senate expect to deliver to the president’s desk a unified package of tax reform provisions by Christmas Eve. However, the actual contents of that final package are still unknown as is how it may ultimately affect you, your family, and your business. We’ve been down this road of tax […]

International Giving to Specific Foreign-Based Charities by Lewis Kevelson, CPA

Posted on December 11, 2017 by Lewis Kevelson

Many foreign-born Americans would like to make charitable donations to organizations in their home countries where they continue to have strong ties. In some cases, these individuals may simply donate to a U.S.-based charity with a broad international reach.  However, if the donor has in mind a specific foreign charity that is not directly supported […]

DJ Khaled Offers a Key Lesson in Tax Planning by Jeffrey M. Mutnik, CPA/PFS

Posted on December 06, 2017 by Jeffrey Mutnik

Like many entrepreneurs, famed music producer and performer DJ Khaled put his child on the payroll and named his son executive producer of his platinum-selling album.  However, at just one year old, Asahd Khaled’s resume is already vastly superior to many who have achieved much in their lifetimes. Is this merely fun for the family […]