Archive

Monthly Archives: August 2019

Hurricane Dorian – It’s Not too Late for Businesses to Plan Ahead for Storms by Daniel Hughes, CPA


Posted on August 29, 2019 by Daniel Hughes

As Hurricane Dorian menaces the Florida coast,  it is not too late for businesses to prepare for the threat of a potential disaster that can interrupt normal businesses operations and cause millions of dollars in damages and lost revenue. Following are just a few things that businesses should consider as part of a well-thought-out disaster-preparedness […]

Want to Keep your Passport? Pay Your Taxes by Adam Slavin, CPA


Posted on August 29, 2019 by Adam Slavin

Taxpayers with “seriously delinquent” unpaid federal income tax debt in excess of $52,000 risk losing their passports and any plans to travel abroad for the remainder of the year. Under the Fixing America’s Surface Transportation (FAST) Act of 2015, the State Department, upon notice from the IRS, is required to deny passport applications and passport […]

Summertime Tax Tips by Nikita Sipin, CPA


Posted on August 21, 2019 by Nikita Sipin

During summertime fun, taxes may be the furthest thing from your mind. However, several activities that are common during the summer months may help you qualify for valuable tax credits and deductions that can reduce your tax liabilities and even result in a tax refund next year.  Getting Married. When you take your spouse’s last […]

Tax Breaks for Teachers and Other Educators by Adam Slavin, CPA


Posted on August 13, 2019 by Adam Slavin

The summer months are winding down, and teachers around the country are already preparing for a new school year. While many teachers reach into their own pockets to pay for classroom supplies, the good news is that certain educators may qualify for tax-relief for some of these out-of-pocket expenses. Under federal law, eligible educators can […]