Tag: NYC accountants
Even though you can’t physically touch digital assets, they’re just as important to include in your estate plan as your material assets. Digital assets may include online bank and brokerage accounts, digital photo galleries, and even email and social media … Read More »
Estate Planning Briefs. Comments Off on 21st century estate planning accounts for digital assets
Technology is tricky. Much of today’s software is engineered so well that it will perform adequately for years. But new and better features are being created all the time. And if you’re not getting as much out of your financial … Read More »
Business Briefs. Comments Off on 3 keys to a successful accounting system upgrade
Because donations to charity of cash or property generally are tax deductible (if you itemize), it only seems logical that the donation of something even more valuable to you — your time — would also be deductible. Unfortunately, that’s not … Read More »
Tax Planning. Comments Off on What you can deduct when volunteering
Robert Hoberman authored the article, “Did you get the Memo?,” which was published in the July 2018 issue of Rapaport Magazine. You can download or read the article here.
In the jewelry business, the memo enables goods to flow between suppliers … Read More »
Published Articles. Comments Off on Did you get the Memo? Rapaport Magazine July 2018
When it comes to tax law changes and estate planning, the substantial increases to the gift and estate tax exemptions under the Tax Cuts and Jobs Act are getting the most attention these days. But a tax law change enacted … Read More »
Estate Planning Briefs. Comments Off on Basis consistency rules may come into play if you’re administering an estate or inheriting property
The beneficiary defective inheritor’s trust (BDIT) allows you to enjoy the benefits of a traditional trust without giving up control over your property. BDITs can hold a variety of assets, but they’re particularly effective for assets that have significant appreciation … Read More »
Estate Planning Briefs. Comments Off on The BDIT: A trust with a twist
By and large, today’s employees expect employers to offer a tax-advantaged retirement plan. A 401(k) is an obvious choice to consider, but you may not be aware that there are a variety of types to choose from. Let’s check out … Read More »
Business Briefs. Comments Off on Finding a 401(k) that’s right for your business
There continues to be much uncertainty about the Affordable Care Act and how such uncertainty will impact health care costs. So it’s critical to leverage all tax-advantaged ways to fund these expenses, including HSAs, FSAs and HRAs. Here’s how to … Read More »
Tax Planning. Comments Off on Do you know the ABCs of HSAs, FSAs and HRAs?
States may force online retailers to collect potentially billions of dollars in sales taxes, the U.S. Supreme Court said in a major ruling on Thursday, that undercut an advantage many e-commerce companies have enjoyed over brick-and-mortar rivals.
The justices overturned a … Read More »
Regardless of the season, travel brings photo opportunities that are prime for posting on Facebook, Twitter, Instagram and other social media platforms. But fraud-savvy people think twice before engaging in what’s known as “instabragging.” Here are examples of what could … Read More »