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

Not All Postmarks Are Valid to the IRS

  • 16 April 2019
  • Author: Cari Holbrook
  • Number of views: 405
  • 0 Comments
Not All Postmarks Are Valid to the IRS

While printing postage from the internet is convenient, it may not be a good idea to do so for payments or petitions mailed to the IRS. That’s what one taxpayer recently learned when her correspondence was regarded as being late despite the timely date her private postage label clearly displayed.


Accounting Lessons from the NBA’s Zaza Pachulia

  • 9 April 2019
  • Author: Cari Holbrook
  • Number of views: 832
  • 0 Comments
Accounting Lessons from the NBA’s Zaza Pachulia

NBA star Zaza Pachulia and his wife recently learned the hard way that it’s critical to use a reputable accountant. Pachulia’s identity was used by his accountant, Randy Usow, to defraud the IRS of more than $800,000. The case is eye-opening in several ways:


Expert Witnesses Are Not Immune to Malpractice Claims

  • 3 April 2019
  • Author: Cari Holbrook
  • Number of views: 416
  • 0 Comments
Expert Witnesses Are Not Immune to Malpractice Claims

A Michigan Court of Appeals recently ruled that expert witnesses can’t simply claim witness immunity for testimony that can be considered incompetent. Instead, licensed professionals acting as expert witnesses owe the same professional diligence to the party for which they testify as they would to any client. Failing in doing so could result in malpractice.


How Hobbies Get Taxed

Shavano Living

How Hobbies Get Taxed

Hobbies are a great distraction from the hustle and bustle of work. If you're retired, they can be equally fulfilling. Over time, some of us become so good at our hobbies that they start providing income for us. How many gardeners, crafters, bakers, woodworkers, photographers, and other hobbyists do you know who have found an extra source of income doing what they love? Are you among them?

Retiring in 2019

  • 26 March 2019
  • Author: Cari Holbrook
  • Number of views: 400
  • 0 Comments
Retiring in 2019
Retiring soon? Congratulations! Certain changes in the tax code affect your income taxes as you retire, including healthcare deductions and Social Security distributions. If you’re a business owner, other changes can affect how you plan your succession and the potential sale of your business.

When A Loan Triggers A Tax Debt

  • 19 March 2019
  • Author: Cari Holbrook
  • Number of views: 476
  • 0 Comments
When A Loan Triggers A Tax Debt

Funds received as proceeds of a loan aren’t taxable as long as you’re expected to pay it back. However, the moment some or all of the debt is forgiven (and doesn’t need to be paid back), the IRS will jump in and want its cut. 


Unlucky Tax Strategies That Don't Work

  • 12 March 2019
  • Author: Cari Holbrook
  • Number of views: 452
  • 0 Comments
Unlucky Tax Strategies That Don't Work
Have you ever heard about a tax strategy you thought was so crazy, it just might work? Here’s what we can tell you: If it’s illegal, the IRS has seen it before, and it’s only a matter of time before they catch on.

Don't Overlook The R&D Tax Deduction

Building Savvy

Don't Overlook The R&D Tax Deduction
Maybe you’ve been challenged to build stronger, lighter, faster, or more environmentally friendly, energy efficient, or automation-enabled. Perhaps the architectural design of the home is unique and requires outside-the-box building techniques or materials. Or maybe you’re building near an Interstate and have a new idea for sound-proofing.

The Skinny On Offshore Accounts

Shavano Living

The Skinny On Offshore Accounts

You've likely heard the term "offshore accounts" - perhaps holding your money in one has been recommended to you before. The name may conjure images of the Swiss Alps or a sandy Caribbean beach since Switzerland and the Cayman Island are two popular hubs for the financial vehicles. But what is an offshore account? Are they legal? And would it be a practical tool for an average person?

Travel, Parking, and Relocation Tax Changes

  • 26 February 2019
  • Author: Alexander Carr
  • Number of views: 555
  • 0 Comments
Travel, Parking, and Relocation Tax Changes

Feeling lost while navigating the new Tax Cuts and Jobs Act (TCJA) changes for business travel, parking and relocation? You’re not alone. Here are some of the top changes and what the IRS has to say (if anything) about them. 

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