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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: Accounting & Tax

Tax Provisions Expiring in 2013

Many of these temporary tax provisions were previously extended as part of the American Taxpayer Relief Act. Temporary tax provisions that are regularly extended, for one to two years, are referred to as “tax extenders.” The President’s 2014 Budget identifies … Read more

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Accounting & Tax :: 2014 Income Tax Bracket Increase Estimates

Alas, inflation is put to good use – taxpayers will be seeing its benefits in the form of tax relief in 2014. The mandatory annual inflation-adjustments as provided under the Tax Code should provide relief.   The American Taxpayer Relief … Read more

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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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Accounting & Tax :: AMT Implications of the Fiscal Cliff Deal

  For years, there has been much confusion and concern surrounding the Alternative Minimum Tax (“AMT”). This has been largely due to the disparity between those who have been subject to the tax, and the original intent of the law. The … Read more

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Accounting & Tax :: Self-Employed Individuals: File Protective Claim by April 2013

The constitutionality of the Metropolitan Commuter Transportation Mobility Tax (MCTMT) has been challenged in a series of lawsuits. In almost all of these cases, the MCTMT has been ruled constitutional. However, in a recent case as of this September 2012, … Read more

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Human Resource Services :: 4 Common Workplace Poster Mistakes & How to Correct Them

Even if your company has only a few employees, a number of federal and state laws require you to display labor posters in your workplace which include information about relevant employment laws. Are you making any of the following mistakes … Read more

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Reminder: Employee Payroll Tax Cut Expires

  The Social Security payroll tax cut for employees (which had been in effect since 2011) has expired as of the end of December 2012. As a result, the combined FICA tax rate  for employees in 2013 is 7.65%, with … Read more

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Commercial Insurance Services News :: Disaster Recovery Checklist for Business Owners and Executives

Everyone is responsible for the disaster preparedness of their own households. Business owners and executives, however, have additional responsibilities. Not only do they have to get their house in order, but they are also responsible for hardening their own businesses … Read more

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Accounting & Tax :: IRS Provides Tax Relief to Victims of Hurricane Sandy; Return Filing and Tax Payment Deadline Extended to Feb. 1, 2013

In the aftermath of Hurricane Sandy, the Internal Revenue Service announced additional tax relief to affected individuals and businesses. Following recent disaster declarations for individual assistance issued by the Federal Emergency Management Agency, the IRS announced today that affected taxpayers … Read more

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Accounting & Tax News :: Reasonable Compensation for Shareholder-Employees of S-Corporations

“Reasonable compensation” for shareholder-employees of S-Corporations is becoming more of a topic of focus for recipients, as well as, how the IRS and the Tax Courts view compensation. This importance will continue to grow as the new Medicare tax on … Read more

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