6.22.22
Adding Value With Life-Cycle Cost Analysis
In today’s challenging economic environment, many construction companies are looking for a competitive edge that distinguishes them from other contractors in their markets. One way…
6.22.22
Could You Qualify for an Energy-Efficient Tax Deduction?
Section 179D of the tax code allows a deduction for the cost of energy-efficient improvements to new or existing commercial buildings, as well as certain…
6.21.22
Is Your Employee Benefit Plan Up to Date? Don’t Miss These Required Deadlines!
Your pre-approved employee benefit plan document will likely be getting a “facelift” soon thanks to certain Internal Revenue Service (IRS) required restatements and amendments. Plan…
6.21.22
Significant Changes Arising From the New York State 2022-2023 Budget Bill
On April 9, 2022, the Governor of New York, Kathy Hochul, signed the State’s 2022-2023 fiscal year budget into law. This legislation, as well as…
6.20.22
Nonworking Spouses May Still Contribute to an IRA
Married couples may not be able to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps…
6.20.22
Can You Deduct the Costs of a Self-Managed Portfolio?
Do you have significant investment-related expenses, including payment for financial service subscriptions, home office maintenance and clerical support? Under current tax law — specifically the…
6.20.22
Partners May Have To Report More Income on Tax Returns Than They Receive in Cash
Are you a partner in a business? You may have come across a situation that’s puzzling. In a given year, you may be taxed on…
6.6.22
For Nonprofits, Quid Pro Quo Isn’t a Simple Exchange
Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services…
5.31.22
Inflation Enhances the 2023 Amounts for Health Savings Accounts
The IRS recently released guidance providing the 2023 inflation-adjusted amounts for Health Savings Accounts (HSAs). High inflation rates will result in next year’s amounts being…
5.31.22
Businesses: Prepare for the Lower 1099-K Filing Threshold
Businesses should be aware that they may be responsible for issuing more information reporting forms for 2022 because more workers may fall into the required…