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ALERTS AND ARTICLES
Stay up to date with the most recent industry news and what’s happening at Topel Forman
Financial statements tell your business’s story, inside and out (February 6, 2019)
Is your company generating financial statements with all the information necessary to tell how you’re doing? Here’s what they should contain.
DOL increases penalties for many labor law violations (February 4, 2019)
Every employer should take steps to manage its compliance risks. Recent changes to civil penalties for many violations of federal labor laws make this even more important.
Today’s Small Business Tax Topic (January 30, 2019)
Do you know what the Section 179 expensing limit is for 2019? Or how much you can allow your employees to contribute to their 401(k) plans this year? Find out these amounts and other annual inflation adjustments affecting businesses.
Today’s Emerging Tax and Regulation Alert (January 25, 2019)
Final IRS regulations on the qualified business income deduction are out. How will they affect your 2018 taxes?
Today’s Small Business Topic (January 18, 2019)
If you own a business, an exit strategy should be part of your tax planning so that taxes don’t trip you up when you retire or leave the business for some other reason. An exit strategy is a plan for passing on responsibility for running the company, transferring ownership and extracting your money from the business. Common exit options include a buy-sell agreement, succession within the family, a management buyout, an ESOP and a sale to an outsider. Each involves a variety of tax and nontax considerations. Contact us to discuss your exit strategy.
Today’s Estate Planning Topic (January 16, 2019)
An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction amounts are adjusted for inflation, they can change from year to year, impacting your plan.
Today’s Fraud Topic (January 14, 2019)
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent. Here’s how experts use them to locate hidden assets and income.
Today’s Estate Planning Topic (January 11, 2019)
If your son or daughter currently is home from college on winter break, now is a good time to sit down and discuss a few estate planning documents he or she should have at this stage of life. Let’s take a closer look at four such documents:
Today’s Accounting and Audit Topic (January 4, 2019)
Attention, internal auditors: Let’s make a New Year’s resolution to work together more effectively in 2019.
Highlights of the Tax Cuts and Jobs Act
Prepaying property taxes has been a popular year-end tax-planning strategy. But does it still make sense? For many, particularly those in high-tax states, it doesn’t. The TCJA made two changes that affect this strategy: 1) nearly doubling the standard deduction, so fewer taxpayers will itemize, and 2) putting a $10,000 cap on state and local tax deductions. If you no longer itemize or you’ve already used up your $10,000 limit (on income or sales taxes or on previous property tax installments), prepaying property tax will provide no benefit.
Today’s Estate Planning Topic (December 13, 2018)
]
How incomplete nongrantor trusts can help avoid state income taxes
With the federal gift and estate tax ...
Today’s Estate Planning Topic (December 7, 2018)
]
Consider an intrafamily loan to cover estate taxes
Sometimes estates that are large enough for estate taxes to ...
No results found.
Financial statements tell your business’s story, inside and out (February 6, 2019)
Is your company generating financial statements with all the information necessary to tell how you’re doing? Here’s what they should contain.
DOL increases penalties for many labor law violations (February 4, 2019)
Every employer should take steps to manage its compliance risks. Recent changes to civil penalties for many violations of federal labor laws make this even more important.
Today’s Small Business Tax Topic (January 30, 2019)
Do you know what the Section 179 expensing limit is for 2019? Or how much you can allow your employees to contribute to their 401(k) plans this year? Find out these amounts and other annual inflation adjustments affecting businesses.
Today’s Emerging Tax and Regulation Alert (January 25, 2019)
Final IRS regulations on the qualified business income deduction are out. How will they affect your 2018 taxes?
Today’s Small Business Topic (January 18, 2019)
If you own a business, an exit strategy should be part of your tax planning so that taxes don’t trip you up when you retire or leave the business for some other reason. An exit strategy is a plan for passing on responsibility for running the company, transferring ownership and extracting your money from the business. Common exit options include a buy-sell agreement, succession within the family, a management buyout, an ESOP and a sale to an outsider. Each involves a variety of tax and nontax considerations. Contact us to discuss your exit strategy.
Today’s Estate Planning Topic (January 16, 2019)
An annual estate plan checkup is critical to the health of your estate plan. Because various exclusion, exemption and deduction amounts are adjusted for inflation, they can change from year to year, impacting your plan.
Today’s Fraud Topic (January 14, 2019)
Business owners engaged in fraudulent activities often try to manipulate their companies’ financial statements. Fortunately for fraud experts, business owners’ tax returns aren’t as easy to misrepresent. Here’s how experts use them to locate hidden assets and income.
Today’s Estate Planning Topic (January 11, 2019)
If your son or daughter currently is home from college on winter break, now is a good time to sit down and discuss a few estate planning documents he or she should have at this stage of life. Let’s take a closer look at four such documents:
Today’s Accounting and Audit Topic (January 4, 2019)
Attention, internal auditors: Let’s make a New Year’s resolution to work together more effectively in 2019.
Highlights of the Tax Cuts and Jobs Act
Prepaying property taxes has been a popular year-end tax-planning strategy. But does it still make sense? For many, particularly those in high-tax states, it doesn’t. The TCJA made two changes that affect this strategy: 1) nearly doubling the standard deduction, so fewer taxpayers will itemize, and 2) putting a $10,000 cap on state and local tax deductions. If you no longer itemize or you’ve already used up your $10,000 limit (on income or sales taxes or on previous property tax installments), prepaying property tax will provide no benefit.
Today’s Estate Planning Topic (December 13, 2018)
]
How incomplete nongrantor trusts can help avoid state income taxes
With the federal gift and estate tax ...
Today’s Estate Planning Topic (December 7, 2018)
]
Consider an intrafamily loan to cover estate taxes
Sometimes estates that are large enough for estate taxes to ...
No results found.
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