States have become quicker to declare assets “abandoned” when
account owners lose touch with a financial institution.
Although state laws vary, assets may be determined abandoned if ...
2016 Retirement Plan Limits
The 2016 dollar limit on the maximum permissible allocation under a
defined contribution plan is $53,000. The maximum amount of
annual compensation that may be taken into account on behalf of
Tax Strategies for the Long Horizon
Higher rates have dramatically increased the complexity of planning
for many taxpayers. However, long-standing techniques for
managing income and deductions and taking best advantage of tax
Protect Your Business from a Data Breach
As you go about your day conducting business online, hackers are in
the wings, waiting to pounce and exploit one innocent miss-click,
mistake, or mismanagement of company data and files.
Preventing Tax Identity Theft
IRS Commissioner John Koskinen has asked companies to report
patterns of fraud and for tax preparation firms to team up to fight
return fraud. Criminals are using stolen identities to claim
Incorrect or incomplete transfer of residency will result in a
filing requirement in your former resident state. Properly
establishing residency in a new state helps a taxpayer avoid these
Getting Ready for Retirement
Getting your retirement financial plan in order can seem daunting –
but it does not need to be. Whether retirement is decades away or
just around the corner, there are a few important steps that...
Raising Financially Responsible Children
At what age should you give young adults control of money
accumulated for them? This really depends on the maturity of the
child. Do not focus so much on the age as much as the ability to
manage the a...
Treasury to review/re-evaluate tax regulations
The Treasury Department is to undertake a review and re-evaluation
of tax regulations issued by the IRS since January 1, 2016.
President Trump signed an Executive Order 13789 (“Identifying and
Filing season ends with no red flags
The IRS processed more than 128 million returns and issued some 97
million refunds without hitting any major roadblocks by the end of
the filing season. As in past years, the vast majority of returns
FAQ: What are my odds of being audited?
Audit coverage rates are at low levels, the IRS has reported.
According to the IRS, the audit coverage rate for individuals fell
16 percent from FY 2015 to FY 2016. The 0.7 percent audit coverage
May 2017 tax compliance calendar
As an individual or business, it is your responsibility to be aware
of and to meet your tax filing/reporting deadlines. This calendar
summarizes important federal tax reporting and filing data for
Welcome and thank you for visiting our Website. In addition to providing you with a profile of our firm and the services we provide, this Website has been designed to become a helpful resource tool to you, our valued clients and visitors. Our dedication to superior client service has brought us to the Internet as we endeavor to continue to provide the highest quality professional service and guidance.
As you browse through our Website, you will see that not only have we highlighted background information on our firm and the services we provide, but have also included useful resources such as informative articles (in our Newsletter section) and interactive financial calculators (in our Financial Tools section). In addition, we have taken the time to gather many links to external Websites that we felt would be of interest to our clients and visitors (in our Internet Links section).
While browsing through our Website, please feel free to contact us with any questions or comments you may have - we'd love to hear from you. We pride ourselves on being proactive and responsive to our clients' inquiries and suggestions.