Tag: NYC CPA


FAQs About Virtual Currency and Your Taxes

Virtual currency has gone mainstream. AT&T recently announced that its customers can use Bitcoin to pay their phone bills. Other big companies that accept Bitcoin include Microsoft, Expedia and Overstock. Competitors likely will follow suit. However, using virtual currency has tax implications … Read More »

October 16th

Timely Articles. Comments Off on FAQs About Virtual Currency and Your Taxes


Deciding whether a merger or acquisition is the right move

Merging with, or acquiring, another company is one of the best ways to grow rapidly. You might be able to significantly boost revenue, literally overnight, by acquiring another business. In contrast, achieving a comparable rate of growth organically — by … Read More »

October 16th

Business Briefs. Comments Off on Deciding whether a merger or acquisition is the right move


Use a Coverdell ESA to help pay college, elementary and secondary school costs

There are several ways to save for your child’s or grandchild’s education, including with a Coverdell Education Savings Account (ESA). Although for federal tax purposes there’s no upfront deduction for contributions made to an ESA, the earnings on the contributions … Read More »

October 15th

Tax Planning. Comments Off on Use a Coverdell ESA to help pay college, elementary and secondary school costs


Leave a philanthropic legacy with a charitable remainder trust

Let’s say you’re charitably inclined but have concerns about maintaining a sufficient amount of income to meet your current needs. The good news is that there’s a trust for that: a charitable remainder trust (CRT). This type of trust allows … Read More »

October 10th

Estate Planning Briefs. Comments Off on Leave a philanthropic legacy with a charitable remainder trust


6 ways to ensure your marketing plan drives sales

“Love and marriage,” goes the old song: “…You can’t have one without the other.” This also holds true for sales and marketing. Even the best of sales staffs will struggle if not supported by a well-researched and carefully executed marketing … Read More »

October 9th

Business Briefs. Comments Off on 6 ways to ensure your marketing plan drives sales


Laptop battery safety is no laughing matter

You’d be hard pressed to find a business today that doesn’t have laptop computers listed among its assets. Large companies have hundreds of them; midsize ones issue them to managers to facilitate mobility; and many small businesses rely on them … Read More »

October 2nd

Business Briefs. Comments Off on Laptop battery safety is no laughing matter


Take advantage of the gift tax exclusion rules

As we head toward the gift-giving season, you may be considering giving gifts of cash or securities to your loved ones. Taxpayers can transfer substantial amounts free of gift taxes to their children and others each year through the use … Read More »

October 1st

Tax Planning. Comments Off on Take advantage of the gift tax exclusion rules


Does your team know the profitability game plan?

Autumn brings falling leaves and … the gridiron. Football teams — from high school to pro — are trying to put as many wins on the board as possible to make this season a special one.

For business owners, sports can … Read More »

September 25th

Business Briefs. Comments Off on Does your team know the profitability game plan?


When is tax due on Series EE savings bonds?

You may have Series EE savings bonds that were bought many years ago. Perhaps you store them in a file cabinet or safe deposit box and rarely think about them. You may wonder how the interest you earn on EE … Read More »

September 24th

Tax Planning. Comments Off on When is tax due on Series EE savings bonds?


The Crummey trust: Still relevant after all these years

Traditionally, trusts used in estate planning contain “Crummey” withdrawal powers to ensure that contributions qualify for the annual gift tax exclusion. Today, the exclusion allows you to give up to $15,000 per year ($30,000 for married couples) to any number … Read More »

September 19th

Estate Planning Briefs. Comments Off on The Crummey trust: Still relevant after all these years

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