Tag: NYC accountants


Have you considered making direct payments of tuition and medical expenses?

With the lifetime gift and estate tax exemption at $11.40 million for 2019 ($11.58 million for 2020), you may think you don’t have to worry about gift and estate taxes.

However, there are no guarantees that estate tax law won’t be … Read More »

December 5th

Estate Planning Briefs. Comments Off on Have you considered making direct payments of tuition and medical expenses?


Holiday parties and gifts can help show your appreciation and provide tax breaks

With Thanksgiving behind us, the holiday season is in full swing. At this time of year, your business may want to show its gratitude to employees and customers by giving them gifts or hosting holiday parties. It’s a good idea … Read More »

December 3rd

Tax Planning. Comments Off on Holiday parties and gifts can help show your appreciation and provide tax breaks


Medical expenses: What it takes to qualify for a tax deduction

As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return but the rules make it difficult for many people to qualify. However, with proper planning, … Read More »

November 26th

Tax Planning. Comments Off on Medical expenses: What it takes to qualify for a tax deduction


Parental priorities: How to choose a guardian for your child

If you have minor children, arguably the most important estate planning decision you need to make is choosing a guardian for them should the unthinkable occur. If you haven’t yet made this decision, formalize your choice as soon as possible.

When … Read More »

November 21st

Estate Planning Briefs. Comments Off on Parental priorities: How to choose a guardian for your child


Tax Strategies for Seniors

Good things come to those who wait. Older taxpayers may be entitled to some age-based tax breaks. Here are the details.

Catch-Up Contributions to Retirement Accounts

Older taxpayers can make extra “catch-up” contributions each year to certain types of tax-favored retirement accounts. For … Read More »

November 20th

Timely Articles. Comments Off on Tax Strategies for Seniors


What is your taxpayer filing status?

For tax purposes, December 31 means more than New Year’s Eve celebrations. It affects the filing status box that will be checked on your tax return for the year. When you file your return, you do so with one of … Read More »

November 19th

Tax Planning. Comments Off on What is your taxpayer filing status?


Flex plan: In an unpredictable estate planning environment, flexibility is key

The Tax Cuts and Jobs Act (TCJA) made only one change to the federal gift and estate tax regime, but it was a big one. It more than doubled the combined gift and estate tax exemption, as well as the … Read More »

November 14th

Estate Planning Briefs. Comments Off on Flex plan: In an unpredictable estate planning environment, flexibility is key


3 key traits of every successful salesperson

Take a mental snapshot of your sales staff. Do only a few of its members consistently bring in high volumes of good margin sales? An old rule of thumb says that about 20% of salespeople will make 80% of sales; … Read More »

November 13th

Business Briefs. Comments Off on 3 key traits of every successful salesperson


Using your 401(k) plan to save this year and next

You can reduce taxes and save for retirement by contributing to a tax-advantaged retirement plan. If your employer offers a 401(k) or Roth 401(k) plan, contributing to it is a taxwise way to build a nest egg.

If you’re not already … Read More »

November 12th

Tax Planning. Comments Off on Using your 401(k) plan to save this year and next


BDIT lets you give away property without losing control

By temporarily doubling the gift and estate tax exemption, the Tax Cuts and Jobs Act (TCJA) opened a window of opportunity for affluent families to transfer assets tax-free. To take advantage of the higher exemption amount, many families that own … Read More »

November 8th

Estate Planning Briefs. Comments Off on BDIT lets you give away property without losing control

HOBERMAN & LESSER, LLP