Tag: NYC accountants


A divorce necessitates an estate plan review

If you’re divorcing, it’s important to review your estate plan as early as possible, for two reasons: First, you may wish to revise your plan immediately to prevent your spouse from inheriting or gaining control over your assets if you … Read More »

June 20th

Estate Planning Briefs. Comments Off on A divorce necessitates an estate plan review


Put a number on your midyear performance with the right KPIs

We’ve reached the middle of the calendar year. So how are things going for your business? Conversationally you might say, “Pretty good.” But, analytically, can you put a number on how well you’re doing — or several numbers for that … Read More »

June 19th

Business Briefs. Comments Off on Put a number on your midyear performance with the right KPIs


2019 Q3 tax calendar: Key deadlines for businesses and other employers

Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to … Read More »

June 18th

Tax Planning. Comments Off on 2019 Q3 tax calendar: Key deadlines for businesses and other employers


Ease itemized deduction limitations using a nongrantor trust

The record-high exemption amount currently in effect means that fewer families are affected by gift and estate taxes. As a result, the estate planning focus for many people has shifted from transfer taxes to income taxes. A nongrantor trust can … Read More »

June 13th

Estate Planning Briefs. Comments Off on Ease itemized deduction limitations using a nongrantor trust


Could you unearth hidden profits in your company?

Can your business become more profitable without venturing out of its comfort zone? Of course! However, adding new products or services may not be the best way for your business — or any company — to boost profits. Bottom-line potential … Read More »

June 12th

Business Briefs. Comments Off on Could you unearth hidden profits in your company?


Donating your vehicle to charity may not be a taxwise decision

You’ve probably seen or heard ads urging you to donate your car to charity. “Make a difference and receive tax savings,” one organization states. But donating a vehicle may not result in a big tax deduction — or any deduction … Read More »

June 11th

Tax Planning. Comments Off on Donating your vehicle to charity may not be a taxwise decision


You have options when addressing life insurance in your estate plan

Life insurance has long provided a source of liquidity to pay estate taxes and other expenses. But, with the estate tax exemption currently set at an inflation-adjusted $10 million ($11.40 million for 2019), estate taxes are no longer a concern for many … Read More »

June 6th

Estate Planning Briefs. Comments Off on You have options when addressing life insurance in your estate plan


Your succession plan may benefit from a separation of business and real estate

Like most businesses, yours probably has a variety of physical assets, such as production equipment, office furnishings and a plethora of technological devices. But the largest physical asset in your portfolio may be your real estate holdings — that is, … Read More »

June 5th

Business Briefs. Comments Off on Your succession plan may benefit from a separation of business and real estate


Thinking about moving to another state in retirement? Don’t forget about taxes

When you retire, you may consider moving to another state — say, for the weather or to be closer to your loved ones. Don’t forget to factor state and local taxes into the equation. Establishing residency for state tax purposes … Read More »

June 4th

Tax Planning. Comments Off on Thinking about moving to another state in retirement? Don’t forget about taxes


Charitable lead trusts offer philanthropic and family benefits

Affluent families who wish to give to charity while minimizing gift and estate taxes should consider a charitable lead trust (CLT). These trusts are most effective in a low-interest-rate environment, so conditions for taking advantage of a CLT … Read More »

May 30th

Estate Planning Briefs. Comments Off on Charitable lead trusts offer philanthropic and family benefits

HOBERMAN & LESSER, LLP