Are you in the early stages of divorce? In addition to the tough personal issues that you’re dealing with, several tax concerns need to be addressed to ensure that taxes are kept to a minimum and that important tax-related decisions are properly made. Here are five issues to consider if you’re in the process of
Victor Dozzi
Jul 6, 2022
Jun 30, 2022
How to cut costs instead of your nonprofit’s staff
- By Victor Dozzi
- Non-Profit
- 0 Comments
Many not-for-profits are still suffering financially from the pandemic, particularly as inflation makes expenses more costly. Before you consider cutting staff, find other expenses to slash. For example, if employees now work from home, see if you can break or renegotiate your office lease. And if you have more than one location, try to combine
Jun 28, 2022
2022 Q3 tax calendar: Key deadlines for businesses and other employers
- By Victor Dozzi
- Business, Taxes
- 0 Comments
Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2022. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. August
May 3, 2022
Does your business barter? Here are some facts you should know
- By Victor Dozzi
- Business
- 0 Comments
In today’s economy, many small businesses are strapped for cash. They may find it advantageous to barter for goods and services instead of paying cash for them. But if your business engages in bartering, be aware that the fair market value of goods you receive is taxable income. And if you exchange services with another
Mar 9, 2022
Don’t lose your business’s IT assets
- By Victor Dozzi
- Fraud
- 0 Comments
Keeping track of every IT asset — particularly as remote work has become common — is essential if your company wants to limit financial losses and fraud risk. According to some estimates, most remote employees use at least two employer-assigned devices, and a smaller percentage use three or more. In general, the more devices in
Mar 2, 2022
Use the net gift technique to reduce your gift tax rate
- By Victor Dozzi
- Estate
- 0 Comments
If you’re concerned about the impact of transfer taxes on your gifts, consider making “net gifts” to your loved ones. A net gift is simply a gift for which the recipient agrees to pay the gift tax, thereby reducing the value of the gift for tax purposes. It may also be possible to reduce its
Feb 23, 2022
Did you give to charity in 2021? Make sure you have substantiation
- By Victor Dozzi
- Charity, Taxes
- 0 Comments
If you donated to charity last year, letters from the charities may have appeared in your mailbox recently acknowledging the donations. But what happens if you haven’t received such a letter — can you still claim a deduction for the gift on your 2021 income tax return? It depends. The requirements To prove a charitable
Feb 16, 2022
The 2021 gift tax return deadline is almost here, too
- By Victor Dozzi
- Estate
- 0 Comments
April 18, 2022, is the deadline for filing your federal income tax return. Keep in mind that the gift tax return deadline is on the very same date. So, if you made large gifts to family members or heirs last year, it’s important to determine whether you’re required to file Form 709. Filing requirements Generally,
Feb 10, 2022
To prove fraud, you need to preserve evidence
- By Victor Dozzi
- Fraud
- 0 Comments
Prevention is the heart of any fraud mitigation program. But sometimes internal controls fail and unethical employees steal. If you suspect fraud, act quickly to preserve evidence. It’s usually best to hand an investigation over to experts such as your attorney and a forensic accountant. But before they arrive on the scene, secure paper documents
Feb 9, 2022
Educate your children on wealth management
- By Victor Dozzi
- Estate
- 0 Comments
If you’ve worked a lifetime to build a large estate, you undoubtedly would like to leave a lasting legacy to your children and future generations. Educating your children about saving, investing and other money management skills can help keep your legacy alive. Teaching techniques There’s no one right way to teach your children about money.