WILL BIDEN CHANGE YOUR RETIREMENT PLANS

Will biden change your retirement plans. It’s an election year and you know what that means: Proposals are cropping up from both sides of the aisle that promise to make your life easier. One, supported by the Biden-Harris ticket, is a change to the tax rules for 401 (k) retirement plans. Given that roughly half […]

INDEPENDENT CONTRACTOR OR EMPLOYEE

Independent contractor or employee. This issue comes up with companies that we have dealt with over the last 32 years. Often, companies incorrectly classify an employee as an independent contractor, hoping to avoid payroll taxes and health insurance obligations. This is trend has swept through the ranks of corporate America over the last 30 years […]

CLAIMING A CASUALTY LOSS AFTER HURRICANE

Claiming a casualty loss after hurricane. Hurricane Dorian was one of the most powerful hurricane’s to ever make landfall in the United States. A category 5 storm has been called the strongest storm with maximum sustained winds of over 185 miles per hour, according to the National Hurricane Center. Although gradual weakening i, Dorian unleashed […]

IRS GUIDANCE ON RENTAL PROPERTIES

IRS guidance on rental properties. The IRS has released Notice 2019-07, which established a safe harbor under which a rental real estate enterprise would be considered a trade or business for eligibility of the 199A deduction. IRS guidance on rental properties. To qualify for treatment as a trade or business under this safe harbor, the […]