Category: Uncategorized


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 […]

Things to Know when Giving Gifts to Charities by Adam Cohen, CPA

Posted on December 04, 2017 by Adam Cohen

With the season of giving upon us, it is a good time to remember that the charitable donations you make during the year help individuals in need and may provide you with a potential tax benefit. In addition to making donations to long-standing, well-established 501(c)(3) charities, taxpayers in 2017 are giving to organizations that provide […]

Time for a Year-End Tax Withholding Checkup by Nancy M. Valdes, CPA

Posted on December 01, 2017

As the end of the year approaches, individuals have a very limited amount of time to avoid an unexpected tax bill in 2018 by adjusting the amount of tax withheld from their salaries and paid directly to the IRS on their behalf. Under the U.S.’s pay-as-you-go system of taxation, individuals pay most of their taxes […]

Don’t Lose Flexible Spending Account Dollars at the Year-End by Adam Cohen, CPA

Posted on November 30, 2017 by Adam Cohen

As 2017 comes to a close, it is time for individuals with Flexible Spending Accounts (FSAs) to understand their responsibilities and potentially take action to use or lose any remaining balance in their FSAs before Dec. 31, 2017.   While FSAs can provide significant tax savings, such as lowering participants’ taxable income and reducing the amount of […]

When is a Building Considered “Placed in Service”? by John G. Ebenger, CPA

Posted on November 29, 2017 by John Ebenger

In order for businesses to take advantage of bonus depreciation on qualified improvement property (QIP), they must first understand how to determine the date that a building is considered to be “placed in service.” In 2015, the PATH Act extended 50 percent bonus depreciation to non-leased QIP that is acquired and “placed in service” after […]

Florida Families Can Plan Now for Child’s Future Education by Joanie B. Stein, CPA

Posted on November 29, 2017 by Joanie Stein

Enrollment in Florida’s Prepaid College Program kicked off on Oct. 15, 2017, continuing the state’s 30-year tradition of helping families save for their children’s future college education. Florida residents have until Feb. 28, 2018, to enroll in the program and lock in today’s lower tuition costs at one of the state’s public universities. Prices for […]

Republicans Unveil Latest Tax Plan by Edward N. Cooper, CPA

Posted on November 13, 2017

House Republicans introduced on Nov. 2, 2017, the details of their plans for overhauling the tax code based on the vision outlined by the president a little over a month earlier. It is not expected that the plan will become the law in its present state, as lawmakers, lobbyists and other interested parties will debate, […]