Tax Tips for Hiring Seasonal Workers
Are you planning to hire seasonal workers? Knowing these essential tax liabilities and responsibilities can help business owners determine your hiring strategy.
Proving Economic Damages Through Forensic Accounting
Forensic accountants play a crucial role in proving business economic damages in litigation, with investigative skills, financial expertise, and litigation support experience.
Beware of Modern Ponzi Schemes
We’ve entered a new era of Ponzi schemes. A record number of the scams have been estimated in 2023 alone, an amount that doubled in two years’ time. Therefore, it’s more critical than ever to have your guard up.
Bankler Partners, LC, Expands into a New Name and Space
This is a pivotal moment for our firm. The transformation to Bankler Partners and move to our new, modern space represents our dynamic growth and commitment to the future,” says founding partner Steven Bankler.
Welcome to Texas: Cutting Tax Ties with Your Previous State
San Antonio is currently one of the fastest-growing metro areas in the nation. If you’re among our new residents, welcome! Before you enjoy the tax-friendly perks of living and running a business in Texas, you’ll need to cut tax-ties with your previous state. Some, like California and New York, make that very tricky.
How Is Tax Filing Season Going?
The IRS has already processed 62 million tax returns and refunded more than $135 billion this tax season. These early-bird taxpayers have received an average tax refund of $3,145, which is 5.8% higher than the same period a year ago. “The bigger average refund marks a reversal from the dip that the typical taxpayer experienced […]
Giving to Charities Abroad
With war, natural disasters, and other tragedies happening worldwide, you may want to donate to the global causes you believe in. But what are the tax implications of giving to charities abroad? Donating to charity has its own rewards, well above and beyond tax breaks. However, those tax breaks can sweeten the pot, allowing you […]
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. New employees and those […]
Problems Linger With 100% Bonus Depreciation
Since the Tax Cuts and Jobs Act (TCJA) raised bonus depreciation from 50% to 100% for the first year property is placed in service, many business owners have benefitted. The IRS also extended the definition of qualified property to include assets like used property. However, there are still businesses left out in the cold. Some […]
Prepaid Forward Contracts: Litigation Financing With Significant Tax Advantages
U.S. for about a decade. As MarketWatch reports, third-party investors are pouring up to $100 billion into funding lawsuits as a way to seek returns that can far surpass equity and fixed-income investments. Plus, as Forbes Tax Contributor Robert W. Wood points out, “Litigation funders help to level the playing field, just as contingent fee […]