Category: Uncategorized

Uncategorized

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 […]

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 […]

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, […]