7.8.19
Estate Planning Portability Provision Lives on Under the TCJA
When the TCJA was passed, the big estate planning news was that the federal gift and estate tax exclusion doubled from $5 million to an…
7.1.19
South Dakota v. Wayfair Court Case and State Income Tax Consequences
Background: On June 21, 2018, the Supreme Court of the United States issued a landmark opinion related to sales and use tax in the case…
7.1.19
Minimizing Costs (Maximizing the Benefits) of Prevailing Wage Benefits
Despite the ever-increasing costs of payroll taxes, health care, and retirement benefits there are opportunities to decrease labor costs, increase the bottom line, and attract…
6.28.19
Midyear Tax Planning: Is It Time to Switch Accounting Methods?
The Tax Cuts and Jobs Act (TCJA) liberalizes the eligibility requirements for certain accounting methods that are generally easier to use and more flexible. As…
6.28.19
New York State Eliminates Sales Tax Exemptions for Manufacturers
On April 1, 2019, New York State Legislators approved their 2020 fiscal year budget, which included several provisions that will adversely affect New York companies,…
6.25.19
Which Entity Is Most Suitable for Your New or Existing Business?
The Tax Cuts and Jobs Act (TCJA) has changed the landscape for business taxpayers. That’s because the law introduced a flat 21% federal income tax…
6.25.19
Calculating Fraud Damages Isn’t as Simple as It May Seem
When businesses are defrauded, courts can — and in some states must — order restitution. But it isn’t always easy for judges to decide how…
6.14.19
Hiring This Summer? You May Qualify for The Work Opportunity Tax Credit
Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC).…
6.14.19
Don’t Mistake Kickbacks for Gifts
Kickbacks return a portion of the money exchanged in a business transaction as compensation for favorable treatment. They’re illegal in the United States and many…
6.14.19
Tips for Organizations to Recruit and Retain Top Quality Employees
In the everchanging job market the ability to attract and retain top-tier talent is becoming increasingly difficult. Many organizations continue to utilize standard hiring practices…