Please feel free to send me an email if you have any questions on the items below.



New Rules for Business Entertainment - Saturday, January 20, 2018
For small business owners, there are mostly positive things about the new tax bill.  However, the new rules for business entertainment are not one of them.
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Real Estate Tax Prepayment - IRS Clarification/Confusion? - Wednesday, December 27, 2017
Accountants have generally been advising their clients to prepay if there is any possible tax advantage to gain.  Today, the IRS issued an "Advisory" that tries to clarify what exactly qualifies as a deduction when people prepay their real estate tax bills.  
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Tax Bill Passed - What it means to you - Friday, December 22, 2017
Congress officially passed the new tax bill.  Please remember - the new rules take effect next year, so we still have one more year with the old rules in effect.  
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Tax Reconciliation Bill Finalized - Saturday, December 16, 2017
As of yesterday, Congress has reconciled the two different versions of the tax bill and has produced a final version, which will be voted on sometime next week (right now they are saying it will be Tuesday or Wednesday).  
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Recent tax legislation update - Saturday, December 09, 2017
Over the past month, there has been two different tax bills passed in the House and the Senate.  Congress is now in a process of "reconciling" these bills (aka making one bill out of both of them).  
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2013 Tax Increases - Thursday, June 06, 2013
With the passage at the last hour (January 2, 2013) of the American Taxpayer Relief Act, some significant tax changes came into effect, whereas other provisions of the tax code had their expiration date extended.  Here I list some of the major changes which occurred so you can be aware of any issues they might cause and be able to plan for them.  
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Going "phishing"? - Monday, February 25, 2013
“Phishing” is a scam in which a fraudster attempts to trick you into revealing your personal and financial information. The criminals then use this information to commit identity theft or steal your money.  A couple of my clients have been subjected to this lately and I wanted to make you all aware of this scam before it might affect you.

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Valentine's Day gift for students from the IRS? - Wednesday, February 13, 2013
The Internal Revenue Service announced that taxpayers will be able to start filing two major tax forms covering education credits and depreciation.
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IRS plans January 30th tax season opening for 1040 filers - Monday, January 14, 2013
Following the January tax law changes made by Congress under the American Taxpayer Relief Act (ATRA), the Internal Revenue Service announced last week it plans to open the 2013 filing season and begin processing individual income tax returns on Jan. 30.
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Payroll Changes - Wednesday, January 09, 2013
For those of you who have received a paycheck this year, you may be wondering why it  is somewhat smaller than last year.  The reasons are multifold.....
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Potential tax help for those suffering from Hurricane Sandy - Saturday, November 03, 2012
The devastating effects of Hurricane Sandy have caused unspeakable losses up and down the East Coast, but my home state of New Jersey has been hit particularly hard.  In this post, I will detail a way in which those who have suffered property damage may be able to derive some benefit through the tax code.
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Inflation adjustments - Friday, October 19, 2012
Yesterday, the IRS announced cost of living adjustments to a host of important figures which I wanted to share with you for tax planning purposes.  The main changes are a $500 increase in allowable contributions to 401(k)/403(b)/457(b) elective plans and SIMPLE plans.
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Benefits of a S Corporation - Monday, February 06, 2012
Many times my customers ask me about the benefits of a S Corporation.  As illustrated in this NY Times article, one of the biggest benefits, besides liability protection, is a reduction in Medicare taxes. 
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Have a new child in the family? - Monday, January 23, 2012
With the recent addition of a lovely daughter to my family, I thought it would be a good time to review the tax benefits a new child can bring to your household.  (Yes, it’s not just costs!)
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Year End Tax Tips - Friday, December 23, 2011
With the recent happy news that Congress has extended the payroll tax cut for another 2 months, I thought that now would be an opportune time to provide you with other year-end tax tips which you may be able to use in order to potentially lower your 2011 tax bill.  
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