Help Make a Difference this Holiday Season

“Salt Workaround” Proves to be a Success

The IRS confirmed what many were hoping to be true regarding the States’ attempts at a “SALT Workaround”. The acronym for state and local tax or “SALT” became popular when The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017. This legislation...

Year End Tax Planning Considerations Under A Biden Tax Plan

Business Health, Investing, Tax

As the close of year 2020 is rapidly approaching, I’d like to mention a few tax planning thoughts that should be considered before year-end, assuming that the Senate changes hands before the start of the President Elect’s administration. Keep in mind that in order for...

It’s Not Much, but Every Little Bit Helps

Personal Finance, Tax

The higher standard deduction enacted under the Tax Cut and Jobs Act and the economic impact of the Coronavirus are expected to have a significant impact on the ability of charitable organizations in our country to do their work, and in some cases survive. To provide...

IRS Technical Correction to Qualified Improvement Property

Business Financial Consulting, Tax

As we near the end of an unprecedented year, I wanted to touch upon one of the provisions the Coronavirus Aid, Relief, and Economic Security Act (CARES Act) enacted regarding qualified improvement property (QIP) and the “technical correction” (Revenue Procedure...

Third Party Payer Audits: The Importance of Compliance Programs

Business Financial Consulting, Healthcare

Any healthcare provider that submits claims to third-party payers is familiar with audits, whether undertaken by private insurers, the Centers for Medicare and Medicaid Services (CMS) or the relevant state Medicaid agency. The most common methodologies used by...

Favorable Estate and Gift Tax Exemptions May Sunset Sooner Rather than Later

Estate Planning

We are currently in an extremely generous estate and gift tax environment. The federal estate tax applies to transfers at death. The gift tax applies to transfers made while a person is living. There is also a generation-skipping transfer tax which is an additional...

Subscribe to our Accounting, Tax and Business Insights Newsletter

“Salt Workaround” Proves to be a Success

Year End Tax Planning Considerations Under A Biden Tax Plan

It’s Not Much, but Every Little Bit Helps

IRS Technical Correction to Qualified Improvement Property

Third Party Payer Audits: The Importance of Compliance Programs

Favorable Estate and Gift Tax Exemptions May Sunset Sooner Rather than Later

Contact Us