If your business has made severance payments to laid-off workers over the past several years, you’re not alone.... Read more
By now you have most likely heard of the new “3.8% tax” also known as the “net investment income tax”, “unearned income Medicare contribution tax” or “Medicare surtax”. No matter what it is called,... Read more
A 529 plan is an education savings plan designed to allow families to set aside funds for college costs. The investment in the plan will grow tax-deferred and distributions from these plans will be... Read more
M&A has seen a recent uptick in activity. Flush with cash, corporate buyers are using acquisitions as an attractive alternative to organic growth, while financial buyers with record amounts of capital... Read more
The real estate industry has been granted some much needed time by the IRS in applying the new repairs versus capitalization regulations. The IRS has recently issued a notice to taxpayers alerting them... Read more
On January 2, 2013 President Obama signed into law the American Taxpayer Relief Act of 2012 (the Act). The Act includes a number of personal and business tax provision which we have highlighted here.... Read more
For any business whether it’s a sole proprietorship, partnership, or corporation now is the time to be thinking about your 1099-MISC filing requirement for 2012.... Read more
Year-end tax planning provides you with an opportunity to develop a good plan of defense during these critical times of uncertainty.... Read more
According to a recent Wall Street Journal article, it’s been estimated that businesses actually use as little as 5% of tax breaks that they are entitled to claim. Complexity and lack of awareness of... Read more
A gift is defined as an interest in property that is transferred from one person to another for less than full and adequate consideration.... Read more
