Tag: NYC CPA


Use nongrantor trusts to bypass the SALT deduction limit

If you reside in a high-tax state, you may want to consider using nongrantor trusts to soften the blow of the $10,000 federal limit on state and local tax (SALT) deductions. The limit can significantly reduce itemized deductions if your … Read More »

January 10th

Estate Planning Briefs. Comments Off on Use nongrantor trusts to bypass the SALT deduction limit


How business owners and execs can stay connected with staff

With the empty bottles of bubbly placed safely in the recycling bin and the confetti swept off the floor, it’s time to get back to the grind. The beginning of the year can be a busy time for business owners … Read More »

January 8th

Business Briefs. Comments Off on How business owners and execs can stay connected with staff


4 new law changes that may affect your retirement plan

If you save for retirement with an IRA or another plan, you’ll be interested to know that Congress recently passed a law that makes significant modifications to these accounts. The SECURE Act, which was signed into law on December 20, … Read More »

January 7th

Tax Planning. Comments Off on 4 new law changes that may affect your retirement plan


Stretch your marketing dollars further with smart strategies

Stretch your marketing dollars further with smart strategies

If your marketing budget is limited, there may be ways to make that money go further. Smart strategies abound for small to midsize businesses. Let’s look at a few ideas for stretching your … Read More »

December 18th

Uncategorized. Comments Off on Stretch your marketing dollars further with smart strategies


Adopting a child? Bring home tax savings with your bundle of joy

Adopting a child? Bring home tax savings with your bundle of joy

If you’re adopting a child, or you adopted one this year, there may be significant tax benefits available to offset the expenses. For 2019, adoptive parents may be able … Read More »

December 13th

Tax Department. Comments Off on Adopting a child? Bring home tax savings with your bundle of joy


3 pitfalls to avoid when naming a beneficiary of a life insurance policy

Life insurance can be a powerful financial and estate planning tool, but its benefits can be reduced or even eliminated if you designate the wrong beneficiary or fail to change beneficiaries when your circumstances change.

Common pitfalls to avoid include:

Naming your … Read More »

December 12th

Estate Planning Briefs. Comments Off on 3 pitfalls to avoid when naming a beneficiary of a life insurance policy


Common Questions about Kids and Taxes

Does your son or daughter work during the summer or school year? A part-time job can be a great way for your child to learn about financial responsibility. It can also teach a valuable lesson about owing taxes. In addition to … Read More »

December 5th

Timely Articles. Comments Off on Common Questions about Kids and Taxes


What lenders look for in a succession plan

Business owners are urged to create succession plans for the good of their families and their employees. But there’s someone else who holds a key interest in the longevity of your company: Your lender.

If you want to maintain a clear … Read More »

December 5th

Business Briefs. Comments Off on What lenders look for in a succession plan


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

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