Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
New Law Eliminates Deduction For many of you, finding the money to pay for a new car, boat or dream vacation was as easy as tapping the equity in your home. Prior to 2018, you could use the equity in your home to make large purchases, pay expenses … [Read more...] about Home Equity Loan Interest
New Rules Limit Options There’s a rule in the tax code that allows you to exchange property you hold for business use or investment for other like-kind property and defer any tax on the gain. This was a popular strategy for business owners who wished … [Read more...] about Exchanging Business Property
How Does a Self-Insured Plan Differ from an Insured Plan? Most employers want to provide some type of fringe benefit to their employees. It’s a convenient way to attract and retain good workers. One of the more commonly provided fringe benefits is … [Read more...] about Providing Health Insurance Benefits To Your Employees
A Hidden Source of Tax-Free Income Have you ever thought of your home as a source of untapped income? Consider this: Your home is located in an area that has a lot of tourism or large events that attract many people. Sometimes hotel space is … [Read more...] about Renting Your Home
Deduction for entertainment expenses is no longer allowed Starting in 2018, deductions for activities that are generally considered to be entertainment, amusement or recreation expenses, or with respect to a facility used in connection with such … [Read more...] about The Party’s Over
It may not be something you like to think about, but it’s important to perform a checkup on your estate plan every few years. Here’s a quick primer on the documents you might find in a typical estate plan and how they can help you prepare for the … [Read more...] about Estate Planning 101
