Taxes

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vanpooling

January 8, 2015 

Taxpayers Barely Avoid a Tax Hike On Commuter Benefits

The new tax extenders law enacted in 2014 – the Tax Increase Prevention Act (TIPA) – preserved a key tax break for commuters. Under TIPA, a higher tax-free monthly allowance for mass transit passes and vanpooling was approved for 2014, retroactive to ...

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January 7, 2015 

New York Accounting Firms Merge

The accouting firms of Nussbaum Yates Berg Klein & Wolpow, LLP and Want & Ender CPA, P.C. have merged effective January 1, 2015. The name of the combined firm will be Nussbaum Yates Berg Klein & Wolpow, LLP.

 Tax Outlook for 2015 is Not So Clear

January 6, 2015 

Tax Outlook for 2015 is Not So Clear

What’s the projected tax forecast for 2015? Currently, it appears to be cloudy with a chance of tax reform. But keep in mind that the climate for significant tax change is usually unpredictable.

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January 5, 2015 

6 Common Income Tax Myths

While millions of American taxpayers wait for their W-2, 1099 and other important tax documents to arrive in the mail, their thoughts turn to the often-dreaded prospect of filing their 2014 tax returns.

 Last Chance for Tax Exempt IRA-to-Charity Transfers

December 26, 2014 

Last Chance for Tax Exempt IRA-to-Charity Transfers

The time for clients to take required minimum distributions from their IRAs is rapidly dwindling. They have until December 31, 2014 to arrange for an RMD for the 2014 tax year. Otherwise, they could be slapped with a stiff tax penalty.

 3 Ways to Improve Expense Management and Improve Cost Savings

December 18, 2014 

3 Ways to Improve Expense Management and Improve Cost Savings

If a business has been around more than a few years, chances are it has already been put through the cost-cutting wringer. Although many businesses have seemingly exhausted all their options to cut costs, companies continue to look for additional ...