Year-End Tax Planning for 2014

The end of 2014 is quickly approaching, so it’s important that everything is in order to ensure there are no surprises when the time comes to file taxes. Year-end tax planning for small businesses isn’t something to put off or ignore. It’s important to look at your...
Social Security Benefit Increase for 2015

Social Security Benefit Increase for 2015

The Social Security Administration announced today a 1.7% Social Security benefit increase for 2015. From the Social Security Administration’s press release: Monthly Social Security and Supplemental Security Income (SSI) benefits for nearly 64 million Americans will...
Final Tangible Property Repair Regulations

Final Tangible Property Repair Regulations

Late last year, the IRS issued final tangible property repair regulations. This affects businesses that have made repairs or improvements to tangible property, such as buildings, machinery, equipment and vehicles. Key changes: Costs incurred to acquire, produce or...
New York Corporate Tax Reform

New York Corporate Tax Reform

New FAQ page addresses questions about New York corporate tax reform Comprehensive corporate tax reform for New York State was enacted earlier this year, mostly effective for tax years beginning January 1, 2015. The legislated changes include a new nexus standard,...
Medicare Surtax for High-Income Employees

Medicare Surtax for High-Income Employees

Since the beginning of last year, employers have been required to withhold an additional nine-tenths of a percent for the Medicare surtax for high-income employees. The rules are somewhat complicated, so the IRS recently updated its frequently-asked questions on how...

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