Tag: NYC CPA
The COVID-19 crisis is affecting not only the way many businesses operate, but also how they assess productivity. How can you tell whether you’re getting enough done when so much has changed? There’s no easy, one-size-fits-all answer, but … Read More »
Business Briefs. Comments Off on Assessing Productivity as You Cope With the Pandemic
The annual gift tax exclusion allows you to transfer up to $15,000 per beneficiary gift-tax-free for 2020, without tapping your lifetime gift and estate tax exemption. And you can double the exclusion to $30,000 per beneficiary if you … Read More »
Estate Planning Briefs. Comments Off on Avoid Pitfalls When Splitting Gifts With Your Spouse
The IRS and the U.S. Treasury had disbursed 160.4 million Economic Impact Payments (EIPs) as of May 31, 2020, according to a new report. These are the payments being sent to eligible individuals in response to the economic … Read More »
Tax Planning. Comments Off on Some People Are Required to Return Economic Impact Payments That Were Sent Erroneously
With much of the country currently coming out of lockdown due to the novel coronavirus (COVID-19) crisis, many nonessential businesses have suffered. As a result, millions of small business owners find themselves on the brink of financial disaster. … Read More »
The U.S. Department of Labor has released updated resources for employers, workers and states as businesses begin to reopen across the nation during the coronavirus (COVID-19) public health emergency.
The DOL emphasized that it will take the cooperation of employers, employees … Read More »
It’s often difficult for married couples to save as much as they need for retirement when one spouse doesn’t work outside the home — perhaps so that spouse can take care of children or elderly parents. In general, an IRA … Read More »
Tax Planning. Comments Off on A nonworking spouse can still have an IRA
On Friday, May 29, 2020, Robert Hoberman, CPA, Managing Partner of Hoberman & Lesser, presented the webinar, “Update on the SBA’s PPP: Legislative Initiatives and Real World Examples of SBA Forms.” During the presentation, which was hosted by the New … Read More »
Webinar on Friday, May 29, at 1:00 PM (EDT)
Update on the SBA’s PPP: Legislative Initiatives and Real World Examples of SBA Forms
Please join us on Friday, May 29, 2020, at 1:00 PM – 2:00 PM (ET) for a webinar as Robert Hoberman, CPA, Managing Partner … Read More »
Firm News & Events. Comments Off on Webinar Presented by Robert Hoberman: Update on the SBA’s PPP on Friday, May 29, at 1 PM (EDT)
Nearly everyone has heard about the Economic Impact Payments (EIPs) that the federal government is sending to help mitigate the effects of the coronavirus (COVID-19) pandemic. The IRS reports that in the first four weeks of the program, 130 million … Read More »
Tax Planning. Comments Off on Did you get an Economic Impact Payment that was less than you expected?
There are several tools you can use to build flexibility into your estate plan. Flexibility is especially important now because of an uncertain estate planning environment.
The federal gift and estate tax exemption currently is an inflation-adjusted $11.58 million (the highest it’s … Read More »
Estate Planning Briefs. Comments Off on Build flexibility into your estate plan with powers of appointment