Tag: New York CPA


Drafting your will using online tools can lead to unwanted outcomes

The novel coronavirus (COVID-19) pandemic has refocused people’s thoughts on the health and safety of their families. In addition to taking the necessary steps today to protect your loved ones, it’s equally important to consider their financial security in the … Read More »

May 7th

Estate Planning Briefs. Comments Off on Drafting your will using online tools can lead to unwanted outcomes


Hiring independent contractors? Make sure they’re properly classified

As a result of the coronavirus (COVID-19) crisis, your business may be using independent contractors to keep costs low. But you should be careful that these workers are properly classified for federal tax purposes. If the IRS reclassifies them as … Read More »

April 28th

Tax Planning. Comments Off on Hiring independent contractors? Make sure they’re properly classified


Have you received your PPP loan funds? Here’s what to do next

If you are a small business that applied for a Paycheck Protection Program (PPP) loan and received the PPP loan funds, we would like to answer your questions and help determine what you should do next. It is important to … Read More »

April 27th

Timely Articles. Comments Off on Have you received your PPP loan funds? Here’s what to do next


COVID-19: IRS announces more relief and details

In the midst of the coronavirus (COVID-19) pandemic, Americans are focusing on their health and financial well-being. To help with the impact facing many people, the government has provided a range of relief. Here are some new announcements made by … Read More »

April 14th

Tax Planning. Comments Off on COVID-19: IRS announces more relief and details


LIVE STREAMING on Thursday, April 9, 2020, at 12:00 PM (ET) – 2:30 PM (ET): What You Need to Know to Keep Your Practice Running During COVID-19

LIVE STREAMING on Thursday, April 9, 2020, at 12 PM (ET)
Law Firm Life Savers: What You Need to Know to Keep Your Practice Running During COVID-19

Please join us on Thursday, April 9, 2020, at 12:00 PM – 2:30 PM (ET) … Read More »

April 3rd

Firm News & Events. Comments Off on LIVE STREAMING on Thursday, April 9, 2020, at 12:00 PM (ET) – 2:30 PM (ET): What You Need to Know to Keep Your Practice Running During COVID-19


Using your financial statements during an economic crisis

The economic fallout from the coronavirus (COVID-19) pandemic has forced business owners to reevaluate their operations and make difficult decisions. One place to look for the information you need to make rational, reasonable moves is your financial statements. Under U.S. … Read More »

April 1st

Business Briefs. Comments Off on Using your financial statements during an economic crisis


Get smart when tackling estate planning for intellectual property

If you’ve invented something during your lifetime and had it patented, your estate includes intellectual property (IP). The same goes for any copyrighted works. These assets can hold substantial value, and, thus, must be addressed by your estate plan. However, … Read More »

March 26th

Estate Planning Briefs. Comments Off on Get smart when tackling estate planning for intellectual property


Individuals get coronavirus (COVID-19) tax and other relief

Taxpayers now have more time to file their tax returns and pay any tax owed because of the coronavirus (COVID-19) pandemic. The Treasury Department and IRS announced that the federal income tax filing due date is automatically extended from April … Read More »

March 24th

Tax Planning. Comments Off on Individuals get coronavirus (COVID-19) tax and other relief


Will your estate plan benefit from a trust protector?

You may have several different types of trusts in your estate plan. In general, to achieve the greatest tax savings, these trusts must be irrevocable, thus requiring you to give up control over the trust assets.

Even though you appoint a … Read More »

March 19th

Estate Planning Briefs. Comments Off on Will your estate plan benefit from a trust protector?


Why you should keep life insurance out of your estate

If you have a life insurance policy, you probably want to make sure that the life insurance benefits your family will receive after your death won’t be included in your estate. That way, the benefits won’t be subject to the … Read More »

March 17th

Tax Planning. Comments Off on Why you should keep life insurance out of your estate

HOBERMAN & LESSER, LLP