Newburg | CPA News Brief January 17, 2023 As a member of the BDO Alliance, our firm has the opportunity to share articles published by BDO writers. Considering the important nature of the Secure 2.0 Act and the key changes impacting retirement plans we thought we would share this [...]
Newburg | CPA News Brief January 10, 2023 Whether the economic climate is stable or volatile, one thing never changes: the need to protect your assets from risk. Hazards may occur as a result of factors entirely outside of your control, such as the stock market or the economy. [...]
Newburg | CPA Special News Brief January 5, 2023 As a reminder, 2022 4th quarter estimates are due January 17th, 2023. Your 2022 quarterly estimated coupons and instructions would have been included with your completed 2021 tax return if applicable. The 4th Quarter estimate payments can be made on-line [...]
Newburg | CPA News Brief January 3, 2023 These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you [...]
Newburg | CPA News Brief January 3, 2023 These days, most businesses buy or lease computer software to use in their operations. Or perhaps your business develops computer software to use in your products or services or sells or leases software to others. In any of these situations, you [...]
Newburg | CPA News Brief December 27, 2022 If you have a family member who’s disabled, financial and estate planning can be tricky. You don’t want to jeopardize his or her eligibility for means-tested government benefits such as Medicaid or Supplemental Security Income (SSI). A special needs trust (SNT) [...]
Newburg | CPA News Brief December 20, 2022 You’ve probably heard of the “nanny tax.” But even if you don’t employ a nanny, it may apply to you. Hiring a house cleaner, gardener, or other household employee (who isn’t an independent contractor) may make you liable for federal income [...]
Newburg | CPA News Brief December 13, 2022 As you create your estate plan, your main objectives likely revolve around your family, both current and future generations. Your goals may include reducing estate tax liability so that you can pass as much wealth as possible to your loved ones. [...]
Newburg | CPA News Brief December 6, 2022 Businesses can provide benefits to employees that don’t cost them much or anything at all. However, in some cases, employees may have to pay tax on the value of these benefits. Here are examples of two types of benefits which employees [...]
Newburg | CPA News Brief November 29, 2022 Providing for the educational needs of your children, grandchildren and even future generations is an honorable estate planning objective. What are your options for achieving this goal? A 529 plan can be a highly effective tool for funding tuition and other [...]
