Whether your business is the law, or a business with accounting or asset protection needs, our business has been “Solving clients’ problems" since 1977.

Blog

Charity Quid Pro Quos: What You Need to Know

  • 25 February 2020
  • Author: Cari Holbrook
  • Number of views: 57
  • 0 Comments
Charity Quid Pro Quos: What You Need to Know

Congress isn’t the only governing body that questions quid pro quos. The IRS considers it a big deal as well, particularly as it relates to charity quid pro quos. A quid pro quo translates from Latin as “something for something.” Anytime you receive a perceived benefit for a donation to charity, the IRS can question whether it was a true, tax-deductible contribution. That may not be significant when it comes to receiving drinks and a meal at a charity golf outing, but it can add up when large donations and real estate are involved.

Feds Finalize Opportunity Zone Guidance

  • 18 February 2020
  • Author: Cari Holbrook
  • Number of views: 70
  • 0 Comments
Feds Finalize Opportunity Zone Guidance

The IRS and U.S. Treasury have finalized regulations for those interested in investing in qualified opportunity zones (QOZs). QOZs were introduced as part of the 2017 tax reform as a way for taxpayers to temporarily defer income gains by investing corresponding amounts into certain development projects. The new guidelines, along with local incentives, have made the option more appealing to some taxpayers. 


New Overtime Pay Rules Are in Place

  • 11 February 2020
  • Author: Cari Holbrook
  • Number of views: 89
  • 0 Comments
New Overtime Pay Rules Are in Place

About 1.3 million American workers are newly eligible for overtime pay. Are your employees among them? The U.S. Department of Labor (DOL) updated the earnings threshold necessary to exempt executive, administrative and professional employees from the Fair Labor Standards Act’s (FLSA) minimum wage and overtime pay requirements.

IRS Steps Up ACA Compliance Enforcement

  • 28 January 2020
  • Author: Cari Holbrook
  • Number of views: 160
  • 0 Comments
IRS Steps Up ACA Compliance Enforcement

The current administration doesn't have a glowing opinion about the Affordable Care Act (ACA) mandate, but that doesn't mean it won't pursue revenue where it can. The IRS is stepping up enforcement of ACA provisions for large employers, and the penalties can reach millions of dollars


IRS Urges "Paycheck Checkups" With New W-4s

  • 21 January 2020
  • Author: Cari Holbrook
  • Number of views: 133
  • 0 Comments
IRS Urges "Paycheck Checkups" With New W-4s

Starting in 2020, your newly hired employees will need to submit redesigned Form W-4s. According to the IRS, the new design replaces complicated worksheets with more straightforward questions. The forms, coupled with the agency’s new Tax Withholding Estimator, are designed to help taxpayers get closer to their correct withholding each year. 


Liberty Tax Settles Federal Fraud Case

  • 14 January 2020
  • Author: Cari Holbrook
  • Number of views: 131
  • 0 Comments
Liberty Tax Settles Federal Fraud Case

Just because a nationwide tax preparation company is well known doesn’t mean the advice given by its representatives is wise or even legal. Liberty Tax Services drove home that point earlier this month. It settled with the federal government for failing to maintain adequate controls over tax returns prepared by its franchisees and, in some cases, overlooking fraud. 


Home Sweet Home Office Deductions

Shavano Living

Home Sweet Home Office Deductions
Work from home regularly? Many people do these days. Thanks to technology, an increasing number of executives and business owners find that working from home can be just as productive as heading into the office. You can even get a tax deduction for your home office if you meet IRS criteria.

5 Business Money Resolutions to Keep in 2020

  • 20 December 2019
  • Author: Cari Holbrook
  • Number of views: 250
  • 0 Comments
5 Business Money Resolutions to Keep in 2020
As we roll into 2020, it’s time to focus on making it the best year yet for your business. That means staying on top of changing regulations, pivoting with the changing needs of your business and financial goals, and addressing some nagging business decisions that may be long overdue.

How Sales Tax Affects Your Bids

Building Savvy

How Sales Tax Affects Your Bids
Correctly estimating your bids is essential to creating trust with your customers and, yet, many factors can throw a project’s original price tag out the window. These often include elements mostly out of your control, such as working with inaccurate specifications, getting hit with rising material and labor costs, and more.

TurboTax's $216 Million Tax Filing Mistake

  • 17 December 2019
  • Author: Cari Holbrook
  • Number of views: 272
  • 0 Comments
TurboTax's $216 Million Tax Filing Mistake
Who knew part-time work at a thrift store could be so lucrative? Donna Smith was shocked to discover a tax bill from the IRS claimed she owned $216 million in taxes from the modest $10-an-hour job.
RSS
12345678910Last

Expertise

When you hire Steven Bankler and his team of certified public accountants, you get seasoned, knowledgeable CPAs.

The IAPA International LogoRather than experienced bookkeepers, promising CPAs-in-training or studious interns in the process of completing their accounting degrees, you get professional CPAs. We Solve Problems. We provide creative solutions to our clients’ unique problems including tax and estate planning, forensic accounting, expert witness and litigation support.

Testimonials

Curriculum Vitae

Quoted Opinions

Newsletter Signup

First Name:
Last Name:
E-Mail:  
Better Business Bureau