Newburg | CPA News Brief February 28, 2023 The Employee Retention Credit (ERC) was a valuable tax credit that helped employers that kept workers on staff during the height of the COVID-19 pandemic. While the credit is no longer available, eligible employers that haven’t yet claimed it might still [...]
Newburg | CPA News Brief February 21, 2023 If you have a child or grandchild in college — congratulations! To help pay for the expenses, many parents and grandparents saved for years in tax-favored accounts, such as 529 plans. But there are also a number of tax breaks that [...]
Newburg | CPA News Brief By David R. Natan, CPA, MST, CVA February 16, 2023 The process of acquisition due diligence requires careful planning and coordination with your tax and legal team. One area that often gets overlooked or handled too late in the process pertains to tax structuring [...]
Newburg | CPA News Brief February 14, 2023 Many people include health care powers of attorney or advance directives in their estate plans so they have some influence over critical medical decisions in the event they’re incapacitated and unable to make decisions themselves. A psychiatric advance directive (PAD) is [...]
Newburg | CPA News Brief February 7, 2023 The tax filing deadline for Partnerships and S Corporations is quickly approaching. Please note that Newburg | CPA is working expediently on the returns for those clients who have already provided the materials to complete the preparation of their business entity [...]
Newburg | CPA News Brief January 31, 2023 The term “probate” is one you’ve probably heard and might associate with negative connotations. But you may not fully understand what it is. For some people, the term conjures images of lengthy delays waiting for wealth to be transferred as well [...]
Newburg | CPA News Brief January 24, 2023 There’s no shortage of online do-it-yourself (DIY) tools that promise to help you create an “estate plan.” But while these tools can generate wills, trusts, and other documents relatively cheaply, they can be risky except in the simplest cases. If your [...]
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 [...]
