Tax Planning
Taxes & Professional Athletes
August 24, 2018
What it’s Like to Be an Athlete Through the Eyes of an Accountant It’s that time of year again. Jerseys are out,…read more
Myths & Common Questions of Audits
August 24, 2018
Your Team of Rochester Accountants Debunks Myths & Misconceptions About IRS Audits More often than not, when someone mentions audits, taxpayers get…read more
Tax Planning 2018 and Beyond
August 24, 2018
Tax planning is a great reason to reach out to your tax professional in most years. The goal of a tax planning…read more
IRS okays home equity deductions
June 15, 2018
As previously reported in the April 2018 edition of the CPA Client Bulletin, the Tax Cuts and Jobs Act of 2017 affected…read more
No tax deductions for business entertaining
June 1, 2018
The good news is that the TCJA of 2017 lowered corporate tax rates from a graduated schedule that reached 35% to a…read more
The new tax law will change divorce tactics
May 18, 2018
When couples divorce, financial negotiations often involve alimony. The tax rules regarding alimony were dramatically changed by the Tax Cuts and Jobs…read more
New tax deduction for pass-through entities
May 11, 2018
Many small businesses are pass-through entities, including S Corporations, partnerships, sole proprietorship, LLCs, and LLPs. The label indicates that all business earnings…read more
Positive prognosis for medical deductions
April 30, 2018
Many miscellaneous itemized deductions, including unreimbursed employee business expenses (see the CPA Client Bulletin, February 2018), no longer can be used to…read more
Regard Roth conversions carefully
April 25, 2018
The article “Rethinking Retirement Contributions” explains why the new TCJA devalues putting money into traditional tax-deferred plans and favors Roth versions. Does…read more
Rethinking retirement contributions
April 21, 2018
The TCJA generally lowered federal income tax rates, with some exceptions. Among the ways in which lower rates impact tax planning, they…read more