Tax Preparation, Insurance, Payroll, Medicare and Business Advisement in Jamestown NY
Tips and Articles on Tax Advisory
Donate via your IRA With the larger standard deduction amounts beginning this year, many people could lose the tax benefit of making charitable contributions. To reduce tax liability, certain taxpayers could use a qualified charitable distribution … [Read more...] about Charitable Contributions
New law oversight Generally, leasehold improvements are enhancements to a leased space that are paid for by a tenant or landlord, such as the addition of built-in cabinetry, electrical light fixtures or carpeting. Prior to 2018, if you made any … [Read more...] about What are Leasehold Improvements?
Gleason Tax Advisory Provides Personal and Business Tax Preparation and Tax Planning for Bob's Power Sports. Bob's Power Sports & Autos is locally owned and has been operating since 2002. We sell used Streetbikes, Autos, ATVs, UTVs, SxSs, … [Read more...] about Bob’s Power Sports
Retirement distributions are made for a variety of reasons. Depending on the facts, the result can be anywhere from a tax-free distribution to inclusion in income and additional penalties. How can you determine the likely result? Social … [Read more...] about Retirement Distributions
You may notice that your tax preparer is asking you a lot of additional questions this year. Why is that? The IRS identified several areas of concern for fraud and identity theft. A few years ago, they started requiring tax professionals to complete … [Read more...] about Due Diligence
Maybe it’s time to reexamine Tax laws define reasonable compensation as the amount that would ordinarily be paid for like services by like enterprises under like circumstances. Building a compensation plan into your business right from the … [Read more...] about Is your pay reasonable?
