Tag: NYC CPA
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 »
Timely Articles. Comments Off on FAQs About Virtual Currency and Your Taxes
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 »
Business Briefs. Comments Off on Deciding whether a merger or acquisition is the right move
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 »
Tax Planning. Comments Off on Use a Coverdell ESA to help pay college, elementary and secondary school costs
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 »
Estate Planning Briefs. Comments Off on Leave a philanthropic legacy with a charitable remainder trust
“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 »
Business Briefs. Comments Off on 6 ways to ensure your marketing plan drives sales
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 »
Business Briefs. Comments Off on Laptop battery safety is no laughing matter
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 »
Tax Planning. Comments Off on Take advantage of the gift tax exclusion rules
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 »
Business Briefs. Comments Off on Does your team know the profitability game plan?
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 »
Tax Planning. Comments Off on When is tax due on Series EE savings bonds?
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 »
Estate Planning Briefs. Comments Off on The Crummey trust: Still relevant after all these years