Mar 1, 2019 | Firm Updates, Individual Tax, Tax Tips
If you have a retirement plan account, please see important deadlines below in 2019: March 15 – Employer Contribution Deadline for Partnerships and S-Corporations Income tax returns for calendar-year businesses structured as a partnership or S-corporations are due...
Feb 26, 2019 | Firm Updates, Small Business, Tax Tips
Shakespeare’s words don’t apply just to Julius Caesar—they also apply to calendar-year partnerships, S corporations, and limited liability companies (LLCs) treated as partnerships or S corporations for tax purposes. Why? The Ides of March, more commonly known as March...
Feb 25, 2019 | Firm Updates, International Tax
This article was originally published in the Central New York Business Journal. The Tax Cuts and Jobs Act of 2017 added many new acronyms to tax advisers’ vocabularies. A few of the new acronyms in the international arena are GILTI, FDII, BEAT, DEI, and QBAI. Some of...
Feb 19, 2019 | Firm Updates, Individual Tax, Tax Tips
While the Tax Cuts and Jobs Act (TCJA) reduces most income tax rates and expands some tax breaks, it limits or eliminates several itemized deductions that have been valuable to many individual taxpayers. Here are five deductions you may see shrink or disappear when...
Feb 18, 2019 | Firm Updates, International Tax
We often work with clients who are not familiar with the U.S. tax system but for various reasons are required to file U.S. income tax returns. Last week we provided a general overview of how income taxes work in the United States, as the process differs from tax...