Jan 4, 2017 | Firm Updates, Small Business
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2017. 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 are meeting all...
Dec 30, 2016 | Firm Updates, Small Business
Changes to minimum wage in New York State take effect December 31, 2016. The minimum wage rate is tiered by region and depends on the geographic location of the workplace, the size of the employer’s workforce, and the calendar year. Below is a breakdown of the rate...
Dec 28, 2016 | Firm Updates, Retirement Planning
Retirement plan contribution limits are indexed for inflation, but with inflation remaining low, most of the limits remain unchanged for 2017. The only limit that has increased from the 2016 level is for contributions to defined contribution plans, which has gone up...
Dec 28, 2016 | Firm Updates, Tax Tips
There are many ways to save for a child’s or grandchild’s education. But one has annual contribution limits, and if you don’t make a 2016 contribution by December 31, the opportunity will be lost forever. We’re talking about Coverdell Education Savings Accounts...
Dec 14, 2016 | Firm Updates, Individual Tax, Retirement Planning, Tax Tips
A tried-and-true estate planning strategy is to make tax-free gifts to loved ones during life, because it reduces potential estate tax at death. There are many ways to make tax-free gifts, but one of the simplest is to take advantage of the annual gift tax exclusion...