Tag: NYC accountants
You may have heard that the federal income tax filing and payment deadline has been extended from April 15, 2020, to July 15, 2020, to provide relief for taxpayers adversely affected by the coronavirus (COVID-19) pandemic.
What you may have missed … Read More »
Estate Planning Briefs. Comments Off on The gift tax filing and payment deadlines have been extended to July 15
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 »
Business Briefs. Comments Off on Using your financial statements during an economic crisis
On March 27, President Trump signed into law another coronavirus (COVID-19) law, which provides extensive relief for businesses and employers. Here are some of the tax-related provisions in the Coronavirus Aid, Relief, and Economic Security Act (CARES Act).
Employee retention credit
The … Read More »
Tax Planning. Comments Off on The new COVID-19 law provides businesses with more relief
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 »
Estate Planning Briefs. Comments Off on Get smart when tackling estate planning for intellectual property
Every company has faced unprecedented challenges in adjusting to life following the widespread outbreak of the coronavirus (COVID-19). Small businesses face particular difficulties in that, by definition, their resources — human, capital and otherwise — are limited. If this describes … Read More »
Business Briefs. Comments Off on SBA offering loans to small businesses hit hard by COVID-19
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 »
Tax Planning. Comments Off on Individuals get coronavirus (COVID-19) tax and other relief
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 »
Estate Planning Briefs. Comments Off on Will your estate plan benefit from a trust protector?
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 »
Tax Planning. Comments Off on Why you should keep life insurance out of your estate
In business, a failure to evolve may lead to failure. One way to keep your company rolling is to regularly adjust how you market products or services to customers and prospects.
A marketing strategy shouldn’t be a knee-jerk reaction to some … Read More »
Business Briefs. Comments Off on Marketing is a game of adjustments
Most companies wouldn’t go into business without some basic types of insurance in place, such as property coverage and liability policy. For a company with more than one owner, there’s an additional type of risk-management arrangement that needs to be … Read More »
Business Briefs. Comments Off on How’s your buy-sell agreement doing these days?