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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: Income 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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Accounting & Tax :: IRS Rescinds Amnesty For Some Who Disclosed Overseas Accounts

The IRS has ratcheted up its scrutiny of overseas banks accounts, reported in the 2/1/13 Evisor, by taking the extraordinary step of rescinding the amnesty it had initially granted to some individuals. While only a small percentage have been rescinded, this … Read more

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Accounting & Tax :: 2013 Optional Standard Mileages Rates

The Internal Revenue Service recently released new optional standard mileage rates. The rates are used to calculate deductible costs of operating an automobile for business, charitable, medical or moving purposes. The 2013 rates indicate a 1 cent increase from the … 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 :: Hurricane Sandy: What To Consider If You Experienced A Casualty Loss

In the aftermath of Hurricane Sandy, the Internal Revenue Service has recognized the effects the disaster has caused for many individuals and businesses that have sustained losses. These individuals and businesses will need to consider how to account for the … Read more

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Accounting & Tax: New York State Sales Tax Web Filing Update

The New York State Department of Taxation and Finance has recently updated their Sales Tax Web File requirements. Improvements allow vendors to file amended returns, file refund/ credit request applications, and will save a taxpayer’s bank account information for future … 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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Accounting & Tax News :: 2012 Year-end Planning: Part 1

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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