MLR

Category: News

Congress moved one step closer to the finish line on November 28th with the Senate Budget Committee approving its tax reform package for a vote by the full Senate in the coming days.  If passed, it would then need to be reconciled with the tax reform bill already passed by the House before a final version could be sent to the White House.

As Congress moves closer to the finish line on tax reform, many clients may be asking what they should be doing right now to best position themselves for tax savings, and to avoid or soften the impact of disappearing deductions. The following offers year-end moves that can accomplish both goals.

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We are proud to be recognized recently by Accounting Today and INSIDE Public Accounting.

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In today’s economic environment, one major concern for businesses is maintaining a healthy cash flow.

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The IRS recently issued a reminder about claiming the home office deduction. In particular, it explained a simplified method that offers a time-saving option. But many taxpayers who maintain a home office fare better tax-wise by deducting expenses under the regular method. Others may not be eligible to deduct any home office expenses. Here’s why.

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If you think social media is just for teenagers, think again. More than half of those logging on to social media sites are in their mid-thirties or older.

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A contribution to a charity isn’t always a tax-deductible contribution for the donor, as in the case of “quid pro quo” donations. This exchange of one thing for another happens when a charity receives a payment that includes a contribution and, in return, provides the donor with goods or services valued for less than the total payment.

Determining the value of an estate is a fundamental first step in estate management and a critical requirement for settling a decedent’s estate.¹

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Few things in life are certain, but when disaster strikes, the number of fraud incidents will probably skyrocket. In the wake of a hurricane, tornado, flood, fire, earthquake or other unexpected catastrophe, fraudulent operators are always quick to surface. Often, however, they carry warning signs to alert savvy business owners.

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The Trump Administration and the Republican majority in Congress plan to repeal and replace the Affordable Care Act (ACA) in the coming months. In the meantime, however, employers must continue to comply with the existing rules for 2016, including the information reporting requirements and shared responsibility provisions.