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News

Our news articles are posted on a regular basis to give our clients relevant and timely information about matters pertaining to our financial services. Browse through our current and archived articles to learn more.

Tag Archives: Accountant

Debt Crisis Averted: But What’s Next?

Working to reach consensus before the October 17th debt ceiling deadline, the U.S. Congress reached an agreement to avoid a historic, and potentially catastrophic, lapse in the government’s ability to borrow money. The agreement averted an unprecedented debt default and … Read more

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Last Minute 2012 Individual Tax Filing News

The due date for 2012 individual federal income tax returns is April 15, 2013. If you are not able to file your federal income tax return by the due date, filing an extension gives you an additional six months–to October … Read more

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Accounting & Tax :: Unreimbursed Business Expenses

The tax treatment of unreimbursed business expenses for partners and S corporation shareholders differ. Unreimbursed business expenses are ordinary and necessary expenses incurred by a partner or shareholder which are not reimbursed. Individual partners and shareholders may deduct unreimbursed employee … Read more

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Accounting & Tax :: Severance Payments are not Subject to FICA Tax, Again!

In June 2010, the IRS announced it was not following the taxpayer friendly decision reached in Quality Stores Inc. and would continue to impose FICA taxes on certain employee severance payments. As a result of the Quality decision, many taxpayers … Read more

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Accounting & Tax News :: 2012 Year-end Planning: Part 4

Tax planners and their clients face the prospect of a darker tax climate in 2013 for investment income and gains. Under current law, higher-income taxpayers will face a 3.8% surtax on their investment income and gains under changes made by … Read more

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Accounting & Tax News :: 2012 Year-end Planning: Part 3

Tax planners and their clients face the prospect of a darker tax climate in 2013 for investment income and gains. Under current law, higher-income taxpayers will face a 3.8% surtax on their investment income and gains under changes made by … Read more

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